Looking for a better way to manage your business expenses? Look no further than Moss, the Berlin-based start-up that’s shaking up the world of spend management. With its innovative credit card service designed specifically for SMBs, Moss is making it easier and more affordable than ever to keep track of your company’s finances. And now, with a massive €75M Series B funding round led by Tiger Global at an impressive €500M valuation, they’re poised to take the industry by storm. So if you’re ready to revolutionize how you do business, read on!
Berlin-based Moss raises €75M from Tiger Global
Moss, a Berlin-based startup that provides a spend management service with credit cards to small and medium businesses, has raised €75 million in a Series B funding round led by Tiger Global.
The new funding values the company at €300 million, up from the €150 million valuation it had in its previous funding round just six months ago.
Moss was founded in 2016 by brothers Lukas and Maximilian Oertel, who came up with the idea while working at a consulting firm where they saw first-hand how much pain SMBs had managed their expenses.
The Moss app issues virtual and physical Mastercards that can be used for online and offline purchases. The app also provides real-time insights into spending, so businesses can keep track of where their money is going.
Since launch, Moss has signed up more than 10,000 business customers across Europe. The company plans to use the new funding to expand its team and continue building out its product.
What is Moss?
Moss is a spend management service that provides credit cards to SMBs. The company was founded in Berlin in 2014 and has raised a €75M Series B led by Tiger Global. The company is valued at €300M.
Moss allows businesses to manage their spending by providing them with credit cards that can be used for business expenses. The company offers a variety of services, including expense tracking, budgeting, and reporting. Moss also offers a mobile app that allows businesses to track their spending on the go.
How does Moss work?
Moss is a spend management service that provides credit cards to SMBs. The service allows businesses to track their spending and manage their finances in one place. Moss also offers a mobile app that gives businesses the ability to track their spending on the go.
Who is using Moss?
Moss is a spend management service that provides credit cards to small and medium-sized businesses (SMBs). The service is designed to help SMBs manage their finances and make informed spending decisions. Moss raised €1 million in Series B funding led by Tiger Global at a €10 million valuation.
What are the benefits of using Moss?
Moss is a Berlin-based spend management service that offers credit cards to small and medium-sized businesses (SMBs). The company has raised a €75M Series B led by Tiger Global at a €500M valuation.
The benefits of using Moss include:
1. Increased control over spending: With Moss, businesses can keep track of their spending and better manage their finances. This is especially helpful for businesses that have multiple employees who are responsible for different aspects of the business spending.
2. More flexibility in how funds are used: With a traditional credit card, businesses may be restricted in how they can use their funds. However, with Moss, businesses can use their credit line to cover a variety of expenses, giving them more flexibility in how they use their funds.
3. Access to exclusive perks and rewards: Many credit card companies offer exclusive perks and rewards to their customers. With Moss, businesses can take advantage of these perks and rewards, which can help them save money or earn points that can be redeemed for merchandise or travel.
What’s next for Moss?
Moss is excited to announce that it has raised a €75M Series B led by Tiger Global at a €500M valuation. This round of funding will be used to continue building out the product, expanding the team, and scaling the business.
The past year has been an exciting one for Moss, with strong growth in both customers and revenue. The company now has over 10,000 customers and is processing millions of euros in transactions per month.
Looking ahead, Moss plans to use the new funding to continue building out its product and expanding its team. The company is also focused on scaling its business and growing its customer base.
Conclusion
The Series B raise for Moss is a sign of the growing popularity of spend management services with credit cards among small and medium-sized businesses. With the new funding round, Moss will be able to expand its product offering and reach more customers, helping them to manage their finances in an efficient and cost-effective way. This latest investment from Tiger Global will no doubt open up many opportunities for Moss as it continues on its mission to simplify financial operations for SMBs around the world.
