Spend management platform
To transform the financial management of mid-sized companies and help them realize their full potential.
Mitte, Berlin, Germany
CTO of Otta
Small and medium-sized businesses (SMBs) have a number of options when it comes to corporate cards. Revolut Business, Spendesk, and Pleo are among the competitors courting the business of European SMBs with pre-paid and debit options, but corporate finance management platform Moss is taking a different bet. It's looking to normalise the use of corporate credit cards in the region and is taking some promising steps to get it done.
Moss’ client roster consists of startups like Hometogo, Grover, and Joblift. Its proposition is appetising: through Moss’ in-house risk engine, companies can access a higher spending threshold than with traditional credit institutions. What's more, whilst corporate credit cards haven’t historically been the norm in Europe, this could change. With the startup scene flourishing, companies may be more attracted to the cash-flow flexibility that credit cards, as opposed to debit cards, provide.
Whilst relatively young, Moss has attracted strong cash injections - including from Peter Thiel’s own VC venture firm Valar Ventures. With expansion throughout Europe underway, it will be interesting to see how the company progresses as it pushes through the effects of the economic downturn to secure more partnerships and increase its reach into the future.
Last 2 fundraises
This company has top investors
European spend management platform Moss raises $86 million
Ante Spittler(Co-Founder & CEO)
Previously CEO and Co-founder of Move24 Group, they went on to serve as a Partner at Global Founders Capital.
They previously co-founded Quandoo and Move24 Group, before serving as the Partner at Global Founders Capital.
Ferdinand "Micky" Meyer(Co-Founder & CPO)
Formerly an Orlando Management Analyst, then worked as Project Leader at Boston Consulting Group.
Stephan Haslebacher(Co-Founder & COO)
They worked as Head of Operations at Move24 Group, before serving as an Investor at Global Founders Capital.
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