Moss is a Berlin-based FinTech startup that has recently achieved a remarkable milestone – Moss has successfully raised €50 million in Series B funding, valuing the company at over €500 million.
This news has generated a buzz in the FinTech industry, as Moss is now on its way to becoming a ‘unicorn’ – a term used to define venture-backed startups that are valued at over one billion dollars.
Moss valued at over €500 million after Series B: Berlin FinTech on its way to achieving unicorn status
Moss is a Berlin-based FinTech startup revolutionising the financial landscape with innovative products, services and technologies. Founded in 2017, Moss has grown from a budding startup to an established business with more than 200 employees and offices in six countries worldwide. In the past three years, Moss has raised more than €50 million in venture capital funding, allowing them to enter multiple areas of FinTech. This includes digital banking solutions, personal finance management tools, and bespoke blockchain platforms for businesses. Recently, Moss also closed its Series B financing round, raising a total of €50 million and valuing the company at over €500 million – putting them on track to becoming Germany’s first FinTech ‘unicorn’.
Moss aims to empower people by giving them access to valuable financial services to help them better manage their money. It offers smart technologies like spending tracking and automating financial operations such as transfersand bill payments – offering customers full control over their finances while removing any friction from the process. Thanks to its tailored solutions ranging from everyday banking needs through complex trade finance operations, Moss has become a go-to provider for both SMEs and individuals alike regarding digital banking services.
With its cutting-edge technology and engaging customer service experience, Moss is setting the standard for digital banking in Europe as it continues its mission to democratise access to finance for everyone!
Overview of Berlin FinTech scene
In recent years, Berlin has emerged as one of the leading FinTech hotspots of Europe. This is because the city boasts a supportive ecosystem and a large number of strong investors in that sector, including EU’s two largest venture capital firms – Earlybird and HV Holtzbrinck Ventures. Furthermore, a significant portion of the local talent pool comprises engineers and data scientists with diverse finance, engineering, mathematics and IT backgrounds. This fact makes it easier for FinTech entrepreneurs to acquire skilled workforces than other European countries.
Currently, the German capital is home to about 500 startups operating in various financial services sectors: Payments & Money Transfer (Raisin Fintech GmbH); Wealth Management (MoneyForward GmbH); Lending & Crowdfunding (Kreditech Holding SSL GmbH); Insurance (Cuvva Technologies Ltd); B2B Software Solutions (Figo Gmbh) and Cryptocurrencies & Blockchain-based services (bitbond Gmbh). Most have secured capital from domestic and international venture funds such as Index Ventures and Accel.
One particularly notable company in its success is Moss – a Berlin-based FinTech startup which has recently closed a €50 million Series B funding round, valuing the company at over €500 million. Founded by serial entrepreneur Benjamin Fischer, Moss provides an online platform for automating treasury management processes for SMEs allowing them to access liquidity more efficiently without incurring significant costs traditionally associated with conventional treasury solutions from banks or other financial institutions. Its client base already exceeds 2000 businesses mostly located within Germany and Switzerland while establishing a growing presence internationally including Spain, France and Portugal. Recent reports suggest that Moss might become the first German unicorn after achieving such impressive heights by pushing boundaries within the financial services sector through innovative software solutions backed up by smart analytics algorithms powered by artificial intelligence technologies.
Series B Funding
Moss has recently completed a successful Series B funding round, bringing their total funds raised to €50 million and valuing the company at over €500 million. This puts them on the path of achieving Unicorn status, and marks a major milestone for the Berlin-based FinTech startup.
With their deep pockets and newfound valuation, let’s consider what this means for their future.
How much Moss raised
Moss, a Berlin-based FinTech startup, successfully closed a €50 million Series B funding round. The investment round valued the young company at over €500 million, making it one of the most valuable startups in Europe and paving the way for it to become a so-called “unicorn” – a startup valued at over $1 billion.
The Series B funding was led by London-based growth investor Atomico, with existing investors Project A Ventures and Target Global also participating further in the raise. The new infusion of capital from the investment will be employed to expand Moss’s product offering and scale its market presence across Europe.
Moss was founded in 2018 by CEO Viktor Prokopenya and CTO Artem Kuharenko to address long approval times that slow down financial transactions. The parent company of Moss is FinTech holdings EIB which raised more than $90 million since its inception in 2014. It also boasts an impressive portfolio, including banking APIs Infobip and Salt Edge and the money transfers platform Payserve.
This latest feat marks a milestone for the groundbreaking startup and testament to the value placed on innovation across Europe’s FinTech landscape. With its expanded financial capabilities, Moss vigorously pursues international growth while further disrupting the traditional banking industry with their cutting edge technologies.
How the funds will be used
Moss, a Berlin-based FinTech startup, recently completed its Series B funding and was valued at over €500 million. Now that the company has the financial resources to further invest in building their platform and continue on its path towards reaching unicorn status, they will use the funds they have raised in multiple ways. Specifically, Moss plans to allocate the funds to expand their business network and enhance existing features on their platform.
Firstly, Moss intends to use the new funds as working capital to allow them to expand key business areas. This includes hiring more staff to join their development team to continue building out features that users have come to expect from their product. It also includes setting up new partnerships with larger banks and FinTechs who can provide capital resources which offer better terms than those currently available through traditional lenders. Additionally, Moss will use some of these funds for marketing purposes, focusing on targeting new European customers who may not be aware of what FinTechs have to offer.
Secondly, Moss will use some of these funds for research and development (R&D) purposes, focusing on both deploying existing products into new markets and adding depth and breadth into existing products. In particular, this will involve further investments into technology such as Artificial Intelligence (AI), Machine Learning (ML) or Blockchain capabilities that could make existing products even more efficient or open up opportunities for entirely new customer services.
Finally, with these new funds in hand it allows Moss more flexibility when it comes decisions around potential mergers or acquisitions that could help strengthen it’s current offering or provide access into previously untapped markets at scale; allowing them continue along their path towards achieving unicorn status while providing state-of-the-art innovation related services broadly across Europe’s rapidly changing financial ecosystem.
What the funding means for Moss
The Series B funding and resulting €500 million valuation demonstrates Moss’ success in the highly competitive FinTech market. Series B funding is typically used to develop a product tailored to market needs and facilitate company expansion. For Moss, this could mean a new product launch, business development activities such as partnership building, scaling up in existing markets, or allocating part of the funds to acquire a startup.
The new funds will help accelerate the company’s growth trajectory and bring it closer to becoming a unicorn (startups valued at over USD$ 1 billion). After securing €50 million in Series B funding, Moss is now poised to attract more attention from investors. With investor confidence high, other investors may be more likely to invest. This could lead to another round of fundraising with an even higher valuation—a potential eventuality that many FinTech businesses are working toward.
Valuation
Moss has recently announced that they have successfully achieved a Series B funding, valuing the company at over €500 million. This marks an impressive milestone in the FinTech scene and shows Moss is on its way to achieving unicorn status.
Let’s dive deeper into the details and examine the company’s valuation.
How Moss was valued
Moss is a Berlin-based FinTech startup that has recently achieved unicorn status after impressive growth since its launch in 2014. The company has increased its current worth to over €500 million, with the help of a €50 million Series B round of investment.
To achieve such an impressive valuation, Moss relied upon valuation techniques and assessments typically used by venture capitalists when assessing investment companies.
The primary considerations for calculating Moss’ value included market analysis, risk assessment, competitive analysis, financial forecasting and discounted cash flow analysis. Market analysis incorporated an identification of opportunities within the fin-tech sector. By assessing risk factors such as the cost of competition and legal risks associated with the industry, Moss was able to assess their current standing and outlook. In addition, understanding their competitive landscape allowed them to measure their success against similar companies.
Using financial modelling techniques such as discounted cash flow modelling (DCF), which takes cash flows from future years into account for present value calculations based on expected rates of return; potential investors were provided with accurate representations of the company’s worth through forecasting potential profits or losses in future years based on investments made today; they were then able to make decisions regarding investment treatment within Return On Investment (ROI) boundaries predetermined by their acceptable levels or risk vs return paradigms.
With all these assessment criteria taken into consideration along with current market conditions and analyst input, Moss was valued at over €500 million after its successful Series B funding round – making it one of Germany’s first tech unicorns!
What the valuation means for Moss
Moss has achieved a remarkable milestone, reaching a valuation of over €500 million after Series B funding. This marks an important step in Moss’s growth and the company appears to be on track to become a “unicorn”—a privately held startup with a valuation of over $1 billion.
The fact that Moss managed to raise such an amount of money suggests that venture capitalists and investors must have seen something special in the Berlin-based FinTech startup. It also likely means they are confident in Moss’s prospects and feel the company is well positioned for long-term growth and profitability.
The valuation puts pressure on the management of Moss to ensure it meets its objectives. Still, it also unlocks opportunities to expand its business lines, enhance existing products or services, invest in further research and development, pursue executive talent acquisition strategies, open up new markets and geographies and more.
Having achieved this important milestone, Moss can now focus even more intently on meeting its long-term goals as it continues its journey towards becoming a unicorn startup success story. Likewise, the Berlin startup community will benefit from such an achievement should Moss reach this unprecedented status.
What the valuation means for the Berlin FinTech scene
The valuation of Moss at €500 million means a lot for the Berlin FinTech scene. It conveys that talent and innovative technologies can become successful businesses here, regardless of financial size. This shows that German start-ups are becoming more attractive investments and opens up opportunities for other Berlin start-ups to follow suit and expand their presence in the region.
Moreover, it highlights investments within Europe instead of focusing on Silicon Valley labels. This encourages local venture capital investors to invest in innovative European Tech companies, supporting them to become unicorns. In addition to raising funds through VCs, it gives founders more confidence in their business models and encourages them to further pursue their goals without worrying about external pressures.
This success story is important for the entire industry as it proves that creative solutions fuelled by innovation and driven with passion can succeed regardless of market conditions or requirements. Moreover, with Germany at its core, this could be a turning point for the entrepreneurial scene throughout Europe as a whole, allowing innovative founders from other countries to follow in Moss’ footsteps and build sustainable businesses backed by viable revenue streams with potential for exponential growth.
Moving Forward
Moss’s recent €50 million Series B funding round has pushed its valuation north of €500 million, putting them on the path to becoming a unicorn – a privately-held company with a 1 billion dollars or more valuation.
This influx of capital allows the Berlin-based FinTech startup to pursue a new level of growth that was not achievable before.
This article will look at the implications of this achievement and how Moss can use it to move forward.
What Moss plans to do with the funding
With the recent Series B funding, Moss has earned a valuation of over €500 million and is on track to achieving unicorn status. This is a major milestone for the company, and the funding will continue Moss’s mission of making financial planning simpler and more accessible for everyone.
Moss plans to use the funding to continue building its technology platform to make it more modern, efficient, and user friendly. The funds will also help attract and retain top talent across different departments, such as software development, finance and marketing. In addition, Moss intends to utilise the capital infusion to expand its customer base across Europe and eventually into other global markets to become THE technological solution for personal financial planning.
What the future holds for Moss
Having achieved a €500 million valuation after their Series B funding round, Moss is well on its way to becoming the next German unicorn. In addition, they have demonstrated an impressive ability to raise large amounts of capital, confirming the company’s future potential.
As such, investors are looking towards what Moss will do with these funds and how they plan to move forward. For this FinTech startup to succeed, they must carefully manage their resources and increase their market presence in the competitive European scene. In doing so, they could stand a chance of achieving a coveted ‘unicorn’ status soon.
Moss has outlined two main goals that they would like to focus on going forward: expanding into the banking sector and creating new products that are innovative and tailored towards customer needs. To enter the banking sector successfully, Moss must meet all regulatory requirements and develop comprehensive risk management systems to withstand stringent industry audits. The company is already making great strides in these areas with their Connected Banking technology which enables easy access for SMEs and individual entrepreneurs between banks across Europe.
As for product design, Moss has been working hard on upgrading their existing services and introducing additional products catering to different customer needs – from face-to-face payments like Apple Pay and Google Pay to online gig economy platforms such as Freelancer Marketplace or Taskerz. The team is also looking at applications of AI-enabled voice recognition technology into their automated banking processes – again something that would cater directly towards customers juggling multiple accounts and various money-related tasks simultaneously.
If implemented effectively, these steps forward can help propel Moss onto new heights – potentially even achieving unicorn status in 2020. With an ambitious yet realistic plan, it appears this Berlin FinTech is heading in the right direction!
What the future holds for the Berlin FinTech scene
The success of Moss is a testament to the thriving FinTech business landscape of Berlin. This wave of investment and growth illustrates just how much potential the city’s innovation sector has — and how far it has come.
Berlin is now seen as a hub for digital finance, thanks to advances in infrastructure, talent and collaboration opportunities between corporates, investors and startups that are driving an impressive wave of ‘FinTech Unicorns’. The city boasts a total investment sum of €7 billion between 2012 and 2018 and with 195 active startups in this domain (combined from Seed to Series D), there seems to be plenty of room for further development.
What sets the capital of Germany apart from other European cities offering FinTech solutions is its uncanny ability to capture global investors’ attention —and wallets—, showing that traditional finance players are taking notice. This trend will likely continue in 2020 as the industry matures and promising enterprise technologies increase their capacity for automation, real-time data analysis, insurance underwriting models and cyber security measures.
These developments signal a bright future for Berlin-based FinTech companies engaging with new technology trends such as AI-driven services, automated compliance solutions or payments using encrypted currencies such as Bitcoin. Moreover, as more financial institutions on both sides of the Atlantic recognize Berlin’s innovative capabilities and strategic position within Europe, the local startup ecosystem should continue to expand even further in 2020.
