Moss, a Berlin-based credit card FinTech, has raised €21mn Series A funding.
In Brief:
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Moss, formerly Vanta, develops physical and virtual cards, as well as software to track spending.
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The round was led by US-based Valar Ventures.
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It also included existing investors Cherry Ventures and Global Founders Capital.
What does this mean?
Moss offers a B2B product, working with Raisin Bank. Its cards are part of Mastercard’s network and offer credit and tracking, while its software help businesses track invoices and expenses. Not much has been said about Moss’ plans with the fresh funding, but it is now valued at €100mn and may look to work with larger clients.
