Moss Becomes Europe’s Newest Fintech Unicorn With €30M Series C
Berlin’s fintech scene just got another unicorn. Moss has closed a €30 million Series C round that pushes its valuation past the €1 billion mark, making it the latest company to join Europe’s exclusive unicorn club — and Germany’s, more specifically, alongside recent additions like Finn and Neura Robotics.
Who’s Backing the Round
The round was led by Portage, the fintech investment arm of Canadian firm Sagard, with existing backer Cherry Ventures also chipping in. It’s Moss’s first raise since its 2022 Series B, and it brings the company’s total funding to roughly €160 million since it was founded back in 2019 by Ante Spittler, Anton Rummel, Ferdinand Meyer, and Stephan Haslebacher — four co-founders who reportedly ran into the same financial headaches at a previous company before deciding to build something to fix it.
A Deliberately Slower Path to Growth
What’s notable here is the tone coming out of leadership. Rather than chasing the kind of blitz-scaling a lot of fintechs lean on, Spittler and the team have been fairly open about wanting profitability by 2027 — a stance that lines up with where a chunk of the venture world has quietly shifted lately. Investors seem less charmed by growth-at-any-cost these days and more interested in whether a company can actually run itself. The numbers back up the confidence: Moss says revenue is up 65% year-over-year, with annual recurring revenue now above €70 million.
What Moss Actually Does
At its core, the platform bundles together the stuff finance teams usually cobble together from five different tools — corporate cards, invoice management, reimbursements, real-time budgeting, and automated bookkeeping — into one system built for small and mid-sized businesses. More than 5,000 companies across Germany, the UK, the Netherlands, and Austria are already running on it, and the company says its AI agents are now processing over two million transactions a month. The fresh capital is earmarked mostly for building out what Moss calls “Finance AI” — a set of AI agents meant to handle more of the day-to-day finance grunt work, though notably, always with a human required to sign off before anything consequential happens.
Moss now sits in a crowded field alongside rivals like US-based Ramp, Bulgaria’s Payhawk, and Denmark’s Pleo — but for a European startup to cross the billion-euro line in a market that’s stayed fairly cautious on fintech funding this year, it’s a signal that disciplined, profit-minded growth still finds real institutional appetite.