Mooncard Receives €37 Million Investment

Mooncard is a company that helps businesses manage their spending. The company received 37 million euros in its latest investment round. Orange Ventures, Portage and former investors Aglaé Ventures, Blackfin Capital Partners, Partech Partners and RAISE Ventures participated in this investment round.

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Configurable payment cards

Mooncard, founded in 2016 by Tristan Leteurtre and Damien Metzger, specializes in the automation of corporate spending, offering a fully secure and configurable payment card solution. The Mooncard payment card is an ultra-secure card signed by Visa and can be easily configured for each employee and user profile. The card offers daily spending limits and the possibility to activate spending categories such as restaurants, gas stations, taxis, etc. It also provides flexibility to users with many features such as cash withdrawal, overseas purchases, online spending.

Mooncard also offers a spend approval workflow that allows companies to customize their spend approval process. Thanks to its cloud-based software, all transactions are monitored in real time, ensuring full transparency in the spending process. For every expenditure made using Mooncard, payment data is automatically and immediately pre-populated and converted into an accounting entry. Mooncard aims to use the investment to accelerate its development and better adapt to local markets in Europe. The company plans to adapt to local specifics to better serve its customers in Germany, Austria, Belgium, Spain, Italy and the Netherlands. It takes into account the legal requirements and business cultures in these countries. The startup will work to offer features and solutions that better respond to customers' needs.