German Fintech startup Moss valued €500 million after Series B funding of over €75 million by VC Tiger Global Management.
€500 million valuation after series B funding
Moss, the technology-driven platform for holistic spend management, has closed a successful Series B funding round of €75 million ($86 million) led by US VC Tiger Global Management. The Berlin-based startup has almost achieved unicorn status just in less than two and a half years since it was officially founded. The current valuation stands at over €500 million ($573 million) and total capital of €130 million ($149 million).
The FinTech was initially launched in mid-2020 by Ante Spittler, Anton Rummel, Ferdinand Meyer and Stephan Haslebacher with a unique offering as the first real corporate credit card for startups and digital companies in Germany.
Moss credit cards provide high credit lines and come with payment terms of up to 60 days and attractive cashback offers. Since its launch, Moss has issued more than 20,000 physical and virtual credit cards and processed over 250,000 transactions. Fuelled by this success the company has grown tremendously. After the successful financing round in August last year, the team has almost doubled and the number of customers has increased four times.
After a successful launch in the Netherlands, the company wants to aggressively expand its services in the UK, which will be followed by other markets later this year.
Article source: Moss press