Technology persists and adapts, no matter the economic climate. To stay agile, Comerica partners with the right startups as lifecycle lenders, creating mutually beneficial and dynamic relationships.
Moveworks is at the forefront of marrying AI with the workforce to automate tasks, find answers and empower businesses using generative AI. They were joined on their journey by
Comerica. Bhavin Shah, CEO and founder of Moveworks details the start, “Comerica has been involved with this company since a few weeks after we incorporated.”
Kerman Lau, VP and head of finance for Moveworks says, “They're interested not only just in being our banking services, but also understanding our business. Comerica has really created a lot of flexibility in our operating model so that we could make decision to further our growth.”
Moveworks knew they had a true partner when Comerica was there when the future looked bleak. Shah says, “You guys have increased the line, you've done it in times of economic growth, but also in terms of economic uncertainty.” Lau continues, “And then going back to the spring, I think you helped us avoid some problems. With not being caught up in the banking crisis, it was a huge relief to really be able to say to our board, we're secure, we’re safe.”
Support from Comerica allowed Moveworks to keep moving forward without missing a beat.
Further securing the relationship, Comerica became a customer of Moveworks. “It was a very fortuitous and neat event for you all to become a customer of our product. Each of us has to show up doing our best. You have done that over the years, and now it's our turn to continue that,” says Shah.
Every business needs a banking partner, and Comerica was proud to join Moveworks in revolutionizing the industry. Will your company be next?
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