iPhone tinkerbrad Flickr

Russia’s Sberbank leads $8M round in US money management startup Moven

Last week money-management service Moven raised $8 million at an undisclosed valuation in a round led by SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank. Virginia-based Route 66 Ventures, South-African Standard Bank, and London-based Anthemis Group also took part in the round of funding.

Malauzai Software grabs $2.3M for mobile banking apps

Malauzai Software has raised $2.3 million in funding. Founded in 2009, the company builds mobile bank apps for small community-oriented banks and credit unions. No investors were named and Malauzai will use the funding to expand its business. Full press release is below.

Turkey is leading the mobile revolution in the Middle East

Developing markets are gaining speed and Middle East countries with young populations are at rise. With populations that are truly enthusiastic towards innovation, they are coming on strong in the technological market.