July 17, 2024

Berlin-based spend management app Moss hits $573m valuation

Wrapping up its Series A at $29 M in August 2021, Moss had valued at $264M based in Berlin the spend management company has now bagged a whopping $573 million in its Series B. Moss aims to grow in the UK and launch successfully in the Netherlands, The Series was led by Global Founders Capital and VC Valer Ventures Cherry Ventures by Peter Thiel.

With the mindset to launch new platforms for planning liquidity, automation in the accounting sector, and spending control, Moss plans to capture multiple markets and services. Moss has emerged as a rounded-off solution for spend management based on the needs of the customers customizing the tools accordingly.

Some of its features are, physical and virtual credit cards, managing liquidity, managing employee expenses digitally; approval of invoices. With its futuristic approach and singular technology, Moss helps its users to modify and channel their financial processes, as observed by Tiger Global partner John Curtius. With the use of unparalleled technology, Moss has a progressive future in store.

The FinTech company Moss was launched in 2020 and has Germany as its core market. The potentiality and future of Moss in expanding in other markets are huge.

Read More:- Trulioo Raises $394 Million Funding, $1.75 Billion Valuation 

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