Movitz Payments
- Company typePrivate
- Founded2022
- HeadquartersSegeltorp, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Movitz Payments does
Movitz Payments AB is a Swedish B2B fintech company that provides a modular Payment Modernization suite to banks and fintechs, addressing both pre-payment (Universal Payee Verification, Anomaly Detection, Market Intelligence) and post-payment (Payment Tracking, Case Management) workflows. Its flagship product is a unified Global Payee Verification API that consolidates multiple verification schemes — EU Verification of Payee, SWIFT Pre-Validation, and Kinexys Liink by J.P. Morgan — into a single integration point with intelligent routing, automatic failover, and configurable name-matching algorithms. The platform is built as a RESTful API with OAuth 2.0 authentication, deployable as cloud SaaS or on-premises, and includes UI rendering APIs that allow banks to embed payment status, tracking, and case management into existing digital channels with minimal development effort. The company's stated data footprint covers 9+ billion payments and 4 billion unique accounts, with market intelligence spanning clearing codes, account numbers, IBAN structures, and purpose codes for more than 170 countries. Movitz is ISO 27001 certified and operates a developer portal with sandbox access for self-service technical evaluation.
The business model is enterprise B2B with direct field sales supplemented by channel partnerships; revenue is generated through modular API subscriptions or transaction-based pricing for the Payee Verification and Payment Tracking products, with professional services for integration. Distribution is conducted via direct enterprise sales, the IBM channel (North American bank pilots), the SEBURGER implementation partnership (ISO 20022/SEPA), and a developer self-service portal. Target customer segments are banks (primary) and fintechs (primary), with end-user corporate banking clients benefiting indirectly through their banks. The company was co-founded by Magnus Hedenberg (CEO), Isak Penttila (CPO), and Waqas Ahmed (CTO), operates with 1-10 employees, and is headquartered in Stockholm, Sweden. Strategic positioning is anchored by partnerships with tier-one ecosystem players — SWIFT, J.P. Morgan's Kinexys, IBM, EPC, SEBURGER, Tietoevry, and Mastercard — and by regulatory alignment with the EU Instant Payments Regulation, having achieved EPC VoP go-live in October 2025.
Movitz Payments firmographics
Firmographics- Name
- Movitz Payments
- Legal name
- Movitz Payments AB
- Website
- https://movitzpayments.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Movitz Payments industry classification
Industry- Product category
- B2B Payment Infrastructure Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Movitz Payments is headquartered
LocationHeadquarters
- HQ city
- Segeltorp
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Movitz Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- API Services / Modular Product Suite: Revenue generated from API-based services sold as modular components enabling banks and fintechs to adopt modern payment capabilities. Services include Universal Payee Verification, Payment Tracking, Anomaly Detection, Market Intelligence, and Case Management. Pricing likely based on transaction volume or subscription given enterprise B2B nature.
- Implementation and Integration Services: Professional services for integration into existing bank channels and systems. Described as 'minimum development effort' with modular deployment. Supports both cloud SaaS and on-premises deployment models.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Movitz Payments product offering
Product offeringCore offering
Movitz Payments provides a modular Payment Modernization suite for banks and fintechs, delivered as a unified RESTful API. Its core offerings include Universal Payee Verification (pre-payment validation across EU VoP, Swift Pre-Validation, JP Morgan's Kinexys and other schemes) and Payment Tracking (real-time cross-border tracking via Swift GPI), complemented by Anomaly Detection, Market Intelligence (170+ countries), and Case Management modules.
Product overview
Movitz Payments offers a modular Payment Modernization suite designed to support banks and fintechs throughout the entire payment lifecycle. The core platform consists of two main products: Universal Payee Verification (for pre-payment validation across multiple schemes) and Payment Tracking (for post-payment visibility using Swift GPI). These are supplemented by three add-on modules—Anomaly Detection (real-time fraud pattern monitoring), Market Intelligence (170+ country payment guidance), and Case Management (self-service payment resolution). The entire product suite operates through a unified RESTful API, enabling banks to adopt modern payment capabilities without rebuilding existing channels. Products are future-proof by design, available as cloud SaaS or on-premises deployment.
Differentiator
Problem solved
Functional benefit
Products and services
- Universal Payee Verification A unified global payee verification service that enables banks and fintechs to verify payees worldwide across all major payment schemes including EU Verification of Payee, Swift Pre-Validation, JP Morgan's Kinexys, and other schemes through one API regardless of beneficiary country.
- Payment Tracking Real-time tracking of international payments using Swift's GPI APIs combined with advanced product rules and configurability. Includes UI rendering APIs that help banks display payment status and history without development efforts.
- Anomaly Detection Real-time alerts for unusual payment behavior including spikes, unfamiliar account relationships, and repetitive payment patterns. Enables financial institutions to monitor payment behavior in real time.
- Market Intelligence Guides end clients through the payment initiation process, collecting only minimum required information while validating each step. Provides comprehensive data on clearing codes, account numbers, and IBAN structures for more than 170 countries combined with purpose code requirements.
- Case Management Self-service capabilities allowing clients to initiate, track, and resolve payment cases directly from their preferred channels. Streamlines operations, reduces back-office workload, and improves overall satisfaction.
Quantifiable outcome
- 81% reduction in all-cause fraud in Netherlands where VoP implemented
- +4 more outcomes
Companies that use Movitz Payments
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
Movitz Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature7 records
Movitz Payments partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, flagship and strategic.
- IBMcoreCollaboration on industry pilot for North American banks to explore Payee Verification capabilities in a real-world setting. IBM leads the pilot program, enabling participating banks to access Movitz's Global Payee Verification service through IBM's infrastructure. First phase provides web portal access for evaluation without requiring system integration. Potential future exploration of API-based connectivity.
- ÍslandsbankiflagshipSuccessful implementation of Swift's end-to-end payment tracking capabilities into Íslandsbanki's digital channels. Movitz embedded Swift's tracking API into its existing Payment Tracking service, enabling the bank to provide real-time visibility into cross-border payments directly within their digital channels. Implementation exceeded expectations according to the bank's Clearing & Trade Finance team.
- Kinexys by J.P. MorgancoreStrategic partnership under J.P. Morgan Payments Consultant Implementation Program to bring Kinexys Liink (blockchain-based peer-to-peer data sharing network) to banks worldwide for global payee verification. Kinexys Liink validates account ownership in 70+ countries. Movitz provides software that sends payee verification requests from bank payment channels into Kinexys Liink and returns responses into banks' existing payment flows. Enables banks to apply verification before payments are sent without rebuilding existing payment flows.
- European Payments Council (EPC)coreSuccessful go-live of EPC Verification of Payee scheme integration, marking a significant milestone in Movitz's mission to modernize payments. The October 2025 deadline represented the regulatory requirement for Payment Service Providers in euro-area countries to verify payee information before SEPA payments. Movitz expressed appreciation to EPC for leading a smooth and well-coordinated industry rollout.
- SEBURGERstrategicJoint content collaboration and integration partnership. SEBURGER provides integration technology for ISO 20022 and SEPA payments, while Movitz contributes payee verification and payment modernization expertise. Joint blog posts explore Verification of Payee for file-based SEPA payments and ISO 20022 implementation challenges. Partnership enables financial institutions to integrate VoP directly into existing payment workflows.
- SWIFTcoreTechnology integration with SWIFT's global payment infrastructure including SWIFT GPI (Global Payments Innovation) APIs for real-time payment tracking and end-to-end visibility. SWIFT Pre-Validation service integrated into Movitz's Universal Payee Verification offering. Collaboration enables all Movitz customers to use Payment Tracking service regardless of whether their bank utilizes SWIFT GPI.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Movitz Payments competitors and assessment
Company assessmentBroad incumbents
- SWIFT: SWIFT operates the GPI tracking infrastructure Movitz integrates with and also offers pre-validation services. While Movitz is a partner, SWIFT remains the broadest incumbent for cross-border payment tracking and verification, with potential to compete at the application layer.
- Mastercard Track: Mastercard offers Track Business Payment Service and other account verification and payment tracking services to banks, competing with Movitz's Universal Payee Verification and Payment Tracking at the network level.
- Plaid: Plaid provides financial data connectivity and account verification APIs globally, including in Europe. It is a broader incumbent than Movitz but addresses overlapping use cases in payee verification and payment data enrichment for fintechs and banks.
- Kinexys (J.P. Morgan): Kinexys is J.P. Morgan's blockchain-based account verification network, integrated into Movitz as a partner. As a J.P. Morgan Payments initiative, it has the scale and bank relationships to potentially offer its own front-end verification and tracking products beyond Movitz.
- ACI Worldwide: ACI Worldwide is a long-standing incumbent in bank payment processing, fraud management, and real-time payments, competing with Movitz in enterprise payment infrastructure for financial institutions.
- Tietoevry Banking: Tietoevry is a major Nordic banking software provider and Movitz's named technology partner. It offers payment processing and core banking modules, giving it the ability to embed verification and tracking as part of a broader banking platform.
Direct peers
- SurePay: SurePay is a European specialist in Verification of Payee and IBAN-Name Check, directly competing with Movitz in the same bank-facing payee verification niche, including under the EU Instant Payments Regulation.
- Bottomline Technologies: Bottomline provides payment fraud detection, exception management, and payee verification solutions to banks and corporates, overlapping with Movitz's Anomaly Detection, Case Management, and Verification of Payee offerings.
- Ibanity: Ibanity is a Belgian fintech offering PSD2/open banking APIs and payee verification services to European banks, directly comparable to Movitz in serving bank payment modernization through unified APIs.
Emerging players
- Token.io: Token.io provides open banking and account verification APIs to banks and fintechs in Europe, overlapping with Movitz in payee verification and payment initiation infrastructure for the European market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights6 records
Customer concentration
Movitz Payments social profiles
Digital presenceMovitz Payments compliance and trust
Trust signalCompliance1 record
Movitz Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Movitz Payments leadership team
Management profileNumber of profiles
Profiles3 records
Movitz Payments funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Movitz Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Movitz Payments
What does Movitz Payments do?
Movitz Payments provides a modular Payment Modernization suite for banks and fintechs, delivered as a unified RESTful API. Its core offerings include Universal Payee Verification (pre-payment validation across EU VoP, Swift Pre-Validation, JP Morgan's Kinexys and other schemes) and Payment Tracking (real-time cross-border tracking via Swift GPI), complemented by Anomaly Detection, Market Intelligence (170+ countries), and Case Management modules.
Is Movitz Payments a public or private company?
Movitz Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Movitz Payments founded?
Movitz Payments was founded in 2022. It employs 1 to 10 people.
Where is Movitz Payments based?
Movitz Payments is headquartered in Segeltorp, Sweden, in the Europe region.
How does Movitz Payments make money?
Two revenue lines are on record. API Services / Modular Product Suite is the primary driver. The others are implementation and Integration Services.
Who are Movitz Payments's main competitors?
Broad incumbents on record are SWIFT, Mastercard Track, Plaid, Kinexys (J.P. Morgan), ACI Worldwide and Tietoevry Banking. Direct peers are SurePay, Bottomline Technologies and Ibanity. Token.io is listed as an emerging player.
Does Movitz Payments have an API?
Yes. Movitz API is a RESTful service for Pre-Payment and Post-Payment services. It allows clients to securely access and manipulate data using standard HTTP verbs (GET, POST, PUT, DELETE). OAuth 2.0 authentication with access tokens in authorization headers. HTTP response codes for error handling. UI rendering APIs help banks display payment status and history without development efforts, including Details and Summary APIs. Combined with Case Management, clients can initiate and resolve cases through self-service experience embedded into existing channels. Developer documentation is at developer.movitzpayments.com.
What industry is Movitz Payments in?
Movitz Payments's product category is B2B Payment Infrastructure Software. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.