Moves Awarded Fintech Innovator of the Year for Gig Economy App

The Canadian Lenders Association recently announced Moves as a winner of the 2022 Leaders in Lending Awards.

The Toronto-based startup, whose flagship product is all-in-one app for gig workers to track and manage money, was named Fintech Innovator of the Year by the CLA.

Moves is “built exclusively for gig workers,” offering income insights across 15 gig platforms, as well as a no monthly fee spending account and instant business cash advances up to $1,000.

CEO Matthew Spoke was humble in response to CLA’s high regard for his fledgling firm.

“Honoured to be recognized by CLA as the Fintech Innovator of the Year,” he stated on LinkedIn. “It’s been an exciting year at Moves and we have a long way yet to go.”

According to the Canadian Lenders Association, Spoke and his team are on a mission which is “quite simple, although ambition.” Moves is “not building a ‘bank for gig workers’; they are building a ‘digital credit union of gig workers.'”

For example, The Moves Collective now holds over 4,500 shares across the supported public gig companies.

The Canadian startup was originally founded in March 2020. Its app then launched in 2021 after months of research and development.

The company closed a US$5 million seed funding round led by OMERS Ventures in May.