Berlin's Moss gathers a €50M debt funding facility from HSBC Innovation Banking UK

Berlin-based fintech for corporate credit cards, payments, and expenses Moss has secured a €50 million debt funding facility from HSBC Innovation Banking UK.

Thought to be one of Germany's next unicorns, the startup founded by Ante Spittler, Anton Rummel, Ferdinand Meyer, and Stephan Haslebacher and backed by Peter Thiel's Valar Ventures and Tiger Global will use the line of credit to accelerate its European expansion.

Moss claims that it can save companies up to sixteen hours of time per month by the reducing repetitive tasks of finance managers, directors, HR teams, and operational staff to a few clicks. It provides virtual and physical corporate credit cards, digital invoice management, employee expense tools, and automated accounting, helping startups and SMEs manage and assess all of their spending easily and transparently.

Lead image via Moss. Photo: Uncredited.