Moss raises new debt financing of up to EUR 50mn from HSBC Innovation Banking UK to fuel European expansion
A new EUR 50mn debt facility from HSBC Innovation Banking UK will speed-up Moss’ European expansion, enabling the company to offer an increasingly attractive spend management and next generation corporate credit card solution to small and medium-sized businesses (SMBs). This step also broadens Moss’ access to bank capital and increases the strategic financing options available to support ongoing growth across its core markets.
- Moss provides SMBs with a modern spend management solution and next generation corporate credit cards.
- Moss will use the funds to expand its EU and UK footprint, and address increasing demand for affordable payment-related credit in its core markets.
- Moss more than doubled its business in 2023 and serves thousands of leading SMB customers with its products and services.