Moss build-up process costs almost 5.6 million euros

The Berlin-based fintech offers corporate credit cards and invoice management for companies. The start-up has now presented its annual report for 2020.

Moss is making great strides towards becoming a unicorn and recently raised 75 million euros in its Series B financing round . The annual financial statements for the 2020 financial year now show that the net loss of the fintech, which is currently valued at a good 500 million euros, amounted to a good 4.7 million euros last year. In 2019, the net loss for the year was still around 860,000 euros. This means that building up the fintech cost a total of almost 5.6 million euros in 2020. According to its own figures, the start-up has raised over 130 million euros in venture capital from investors Tiger Global, A-Star, Valar Ventures, Cherry Ventures and GFC since it was founded.

Ante Spittler, Anton Rummel, Ferdinand Meyer and Stephan Haslebacher founded the start-up with the mission of digitizing corporate expense management. Now 200 employees are working on making invoice management and bookkeeping automatic and digital for customers. Companies have the choice of using Moss as a complete solution for their expense management or putting together a modular solution. With the launch of the product in the Netherlands, the start-up has also taken the first step towards international expansion.