Based in Berlin, Germany, Moss is a technology-based payment and credit card platform which has recently closed its Series A funding round with an extended fundraise of US$ 25.5 million (€21 million) on August 18 2021. Valar Ventures (Peter Thiel’s VC firm) led the venture round with other participants, including Cherry Ventures and Global Founders Capital from Berlin. With the latest funds, the startup now stands with total capital of almost US$ 64 million, with a company valuation of roughly US$ 264 million, less than a year after its initial product launch.
Moss will be using the fund to extend its operations (credit cards and its financial management solutions) in the European market.
What the CEO has to say
CEO and co-founder of Moss, Ante Spittler, remarked on the venture, “We want to help companies transform finance processes in their organisations to get the most out of their potential. This vision drives us every day and motivates us to take Moss to the next level. Our growth trajectory since founding Moss has been remarkable – both from a team and a product perspective. Since the last financing round six months ago, not only has our number of customers quadrupled, but we have also been able to introduce remarkable product innovations such as a seamless accounting export utilising the DATEV API and digital processes for approving and managing invoices. And our credit product offers a unique benefit in the European card and spend management space.”
What the Investors have to say
Founding partner of Valar Ventures, Andrew McCormack, said, “We are delighted to continue to support the passionate founding team of Moss in achieving their goals. With their extensive tech and finance expertise and business background, they are ideally positioned to bring a new understanding of spend management to businesses. Moss has been on a strong growth trajectory in recent months. With a market share of 15% among German startups, they are already among the market leaders in their segment. We are therefore excited about future developments.”
Established in 2020 by Spittler, Anton Rummel, Ferdinand Meyer and Stephan Haslebacher, Moss is a technology-based payment and credit card platform that enables companies to optimise their finances. Thanks to a dynamic and up to 10x higher limit, our corporate credit card can handle even the highest spend. With virtual and physical credit cards, the entire team can pay quickly and securely. Individual spending limits and real-time data per card, merchant or group keep costs under control. The Moss app makes it easy to digitise receipts, including cost centre and VAT assignment. At the end of the month, all data and documents can be exported to any accounting software. For more information, check out https://getmoss.com/.
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