Fintech Company Moss Raises $29m in Series A Extension

Fintech company Moss has raised $29 million in a Series A extension round, boosting its valuation to $264 million.

​The latest funding round was led by Peter Thiel’s Valar Ventures, with participation from Cherry Ventures and Global Founders Capital.

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Founded in 2020, Moss has now raised more than $64 million in total capital. It offers corporate credit cards and spend management software for start-ups and small to medium-sized enterprises (SMEs) in Germany.

It aims to give companies a better overview of employee spending while streamlining accounting processes.

Moss claims to have dished out more than 8,500 physical and virtual credit cards since its launch, processing more than 100,000 transactions.

"We want to help companies transform finance processes in their organizations 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 utilizing 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," explains CEO and co-founder Ante Spittler.