Peter Thiel invests in fintech Moss

The Berlin-based start-up Moss - formerly Vanta - has raised 21 million euros.

Peter Thiel's US investor Valar Ventures is leading the Series A financing round of the credit card fintech Moss. The existing investors Cherry and Rocket's Global Founders Capital are injecting additional funds. Moss, which was still called Valar until a month ago, receives a total of 21 million euros.

The start-up was founded in 2019 and only launched its offering in June last year. 40 employees work for the Berlin-based fintech. Moss offers virtual corporate credit cards, primarily for start-ups and smaller companies. So far, 1,000 cards have been issued and the number is growing by 50 percent every month. Companies with up to 500 employees are now set to follow. As Finance Forward writes, the start-up is already worth 100 million euros following the investment. "We see incredible potential in Moss and how their technology is revolutionizing payments and lending for businesses," says James Fitzgerald, Founding Partner at Valar Ventures. "The team has unparalleled financial and technology expertise and we believe they are well on their way to becoming a transformative company."

Moss is another fintech in Peter Thiel's Valar Ventures portfolio. To date, the German-American has also invested in N26, the crypto startup Bitpanda and the tax app Taxfix.