Berlin-based Moss, a credit card fintech startup formerly known as Vanta, has raised €21 million, boosting the company’s valuation to €100 million just six months after launch. Peter Thiel’s US-based firm Valar Ventures led the round and was joined by existing backers Cherry Ventures and Global Founders Capital.
The product is a combination of software and a business credit card, offered in cooperation with Raisin Bank. The software makes bookkeeping easier by automatically tracking expenses and invoices. The cards, which are virtual and part of the Mastercard network, offer a credit limit up to €250,000 and a no-interest payback term of 30 days.
Moss’ team didn’t divulge much detail about the business’ growth thus far and what comes next. While the company has infiltrated its natural habitat, the startup ecosystem in Berlin, it’s now aiming for bigger companies (up to 500 employees) and new markets.
The investment is Valar Venture’s latest in European fintech, following a trend that included backing two other German startups, N26 and Taxfix.
Photo: Moss co-founders Stephan Haslebacher, Ferdinand Meyer, Anton Rummel and Ante Spittler