Parisian fintech firm Mooncard has raised €37 million in a Series C funding round. Offering a suite of tools aimed at helping corporate finance teams rest easier at night, the new capital will be used to fuel Mooncard’s expansion into new markets including Germany, Austria, Belgium, Spain, Italy, and the Netherlands. Since 2019, the company has raised just north of $75 million.
The €37 million Series C round was led by Orange Ventures and Portage and saw the continued support of Aglaé Ventures, Blackfin Capital Partners, Partech Partners, and RAISE Ventures.
While there’s no shortage of corporate cards and expenses solutions on the market, given Mooncard’s longevity, the company was founded in 2016, clearly, they’re sticking a chord (or is that tapping a card?) with some 6,000+ clients that include Zadig & Voltaire, AirFrance, Kitsuné, and JDC.
According to the company, an account can be opened in under five minutes, with a functional card available within 24 hours.
The minute an expense is settled with a Mooncard-issued corporate card, details are then transferred to an account entry, with the only action required on the payee's part to take a photo of the receipt for archival purposes, et voilà, not only is the finance department happy, but so is the tax man.
“Thanks to this new round of financing, we will be able to build on the functionalities of our technology to meet the evolving needs of finance departments of all sizes of organisation, in the public and private sectors, in France and internationally,” commented Mooncard CEO Pierre-Yves Roizot.