Mooncard, the FinTech specializing in enterprise expense management, has just closed a €37 million Series C financing round. The deal is mainly aimed at adapting its solution to other European markets, and strengthening its position on the French market.
Founded in 2016, Mooncard offers a smart payment card and expense management software solution. This solution allows companies to manage their employees' expense reports in a simpler and automated way, while benefiting from better visibility and control of expenses.
One of the specificities of Mooncard is its approach focused on the needs of companies. Indeed, the startup offers features such as the dematerialization of receipts, the automation of controls and validation processes, as well as integration with accounting and management software. This allows companies to customize payment cards according to the specific needs of each employee, by defining spending limits, authorized categories and usage periods.
This round should enable it to strengthen its position in the French market and expand its presence in Europe, including Germany, Austria, Belgium, Spain, Italy and the Netherlands. The FinTech hopes to become the European leader in business expense management solutions, with an offer adapted to the specificities of each market and a wide geographical coverage.
To achieve this, Mooncard plans to invest in the development of new features, as well as in the optimization and improvement of its customer service. The startup also plans to forge strategic partnerships with key industry players to accelerate its growth and strengthen its presence in international markets.
Mooncard has been able to differentiate itself from its competitors through its business-centric approach, as well as its ability to customize its services to the specific needs of each customer. The FinTech is well positioned to continue its expansion and become a major player in the business expense management market.