Company bank card start-up Moss raises €21 million in Collection A – FinTech Futures

0
15

Berlin-based bank card fintech, Moss, has raised €21 million in a Collection A spherical led by Peter Thiel’s Valar Ventures.

Moss points its card through companion establishment in Malta

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.

Associated: Mastercard faces UK’s largest ever £14bn class action lawsuit

LEAVE A REPLY

Please enter your comment!
Please enter your name here