Berlin-based bank card fintech, Moss, has raised €21 million in a Collection A spherical led by Peter Thiel’s Valar Ventures.
Becoming a member of the PayPal co-founder’s agency within the spherical are current backers, Cherry Ventures and World Founders Capital.
Moss goals to supply a company bank card to switch expense stories and handbook worker spending processes.
It says its platform can allow firms to “cease chasing receipts and begin automating their accounting”.
It supplies a bodily bank card, staff administration software program, subscription administration, and account controls. Corporations have a credit score restrict of €250,000 and no-interest payback for 30 days.
The account prices €49 a month, plus a €7 cost for each energetic person (outlined as those that make multiple fee a month).
Moss’ card is issued by Transact Funds Malta, pursuant to a licence from Mastercard.
Valar Ventures has a handful of German fintech start-ups on its funding books, together with challenger financial institution N26.
A Valar-backed German fintech, Monedo, filed for bankruptcy in September final 12 months.