Berlin-based startup Moss has introduced earlier this week that it has closed a brand new $86 million Collection B funding spherical (€75 million). The corporate gives company bank cards for small and medium corporations in order that they’ll extra simply spend and observe their spending.

Following right this moment’s funding spherical, Moss has reached a valuation of $573 million (€500 million). Tiger International Administration is main the Collection B with A-Star additionally collaborating. General, the corporate has raised almost $150 million in complete (€130 million).

Moss might be thought of as a spend administration platform. It competes with different European gamers, resembling Spendesk, Pleo and Soldo. What units Moss aside from its opponents is that it gives bank cards, not debit playing cards. However transactions nonetheless present up in your Moss dashboard seconds after every cost.

Along with bodily playing cards, staff also can generate digital playing cards for on-line funds. Each time they make a purchase order, Moss clients get 0.4% in cashback on all bills.

This manner, small corporations don’t should share one company card for all bills. Staff leaders can set budgets for every worker and observe bills extra simply.

For workers themselves, company playing cards aren’t that frequent in Europe. By switching to Moss they don’t should pay out of pocket for worker bills. They will use a Moss card and connect the receipt to the transaction. And if a restaurant doesn’t settle for card funds, Moss additionally handles money bills and reimbursements.

Along with card funds, you may depend on Moss for different sorts of funds by centralizing all of your invoices in your Moss account. Moss customers can arrange approval guidelines and export funds lists for the enterprise checking account.

Lastly, Moss can velocity up accounting duties because it integrates with Datev, a well-liked accounting software program on the German market. Going ahead, the startup goes to make its product extra modular. You gained’t have to make use of all the spend administration stack for those who don’t want all the pieces.

General, Moss has processed 250,000 transactions and issued 20,000 playing cards. The product is reside in Germany and the Netherlands. The corporate now plans to increase to the U.Okay.