French Fintech Mooncard raises €20 million from two new high-profile investors: BlackFin Capital Partners and Partech, alongside its existing investors Aglaé Ventures and RAISE Ventures.
Mooncard will use the fresh capital to expand into 5 top European countries within 12 months, to add another 100 new team members by the end of 2022, whilst continuing to develop new solutions and smart digital features.
With an advanced solution enabling the efficient management of large card fleets (more than a thousand cards for a single client), Mooncard has successfully attracted large groups in addition to SMEs and independents, which are the usual targets of Fintechs.
In addition to technological innovation, Mooncard has stood out since its inception by offering a complete product thanks to renowned partners such as Visa, Gras Savoye and Allianz, which equip cards with comprehensive insurance, or Flying Blue, which allows cardholders to earn Miles for each expenditure.
Mooncard already supplies more than 3,000 companies (Air France, Cora, Cityscoot, Mirakl, Odigo, Groupe Poisson, Vinci, Zadig & Voltaire, etc.). 500+ public institutions have also adopted this solution as a part of a significant contract with the State.
Mooncard reports a ten-fold turnover increase since 2019, has a viable business model and is satisfied with its long-term customer loyalty.
Its smart payment card allows any business expense to be paid with 100% automation. Mooncard's mission: to simplify the administrative tasks associated with the professional expenses of company employees by eliminating one of the most emblematic annoyances: expense accounts.