France-based corporate card and expenses company Mooncard has now secured €37 million in a Series C round. The FinTech offers a card solution to automate expense and expense claim processes and currently serves over 6000 public and private institutions. He said the goal is to establish a permanent presence in the European market.
The Mooncard payment card and the approval process can be configured for any employee or user profile. For exceptional cases, supervisors or administrators could be automatically notified via SMS, allowing a real-time response. Companies could issue the payment card to employees while maintaining complete control over spending. All transactions are stored in a secure cloud server and can be accessed in real-time.
“Thanks to the strength of our business model, the loyalty and satisfaction of our customers and the controlled management of our growth, we have won over new investors and retained the trust of our existing investors. This latest round of funding will allow us to expand the capabilities of our technology further to meet the evolving needs of finance departments of companies of all sizes in the public and private sectors – in Germany and internationally,” Pierre-Yves Roizot, the CEO of Mooncard said.
