Financial news

Mooncard says it will use the funds to accelerate its development and adapt to local specificities in 6 European countries – Germany, Austria, Belgium, Spain, Italy, and the Netherlands.

“Mooncard is recognised as a productivity tool for companies, enabling them to manage costs as accurately as possible and optimise employee efficiency. Thanks to the strength of our business model, the loyalty and satisfaction of our customers, and the controlled management of our growth, we have convinced new investors to join us, while maintaining the confidence of our existing investors,” explains Pierre-Yves Roizot, CEO of Mooncard

Mooncard: Automates corporate spending

Founded in 2016 by Tristan Leteurtre (President) and Damien Metzger (CTO), and managed by Pierre-Yves Roizot (CEO), Mooncard is specialised in the automation of corporate spending, offering an integrated solution with a fully secure and configurable card, a management application and an accounting engine.

The Mooncard payment card is an ultra-secure Visa card that is easily configurable for each employee or user profile. 

This card offers a wide range of features, including daily spend limits, the ability to activate spend categories such as restaurants, service stations, and taxis, and the ability to deactivate others such as cash withdrawals, foreign purchases, online spending, and more.

Mooncard‘s card also offers an adaptable spend approval workflow, allowing companies to personalise the number and type of managers who can approve spending. 

In the event of an exceptional request, managers or administrators can automatically receive an SMS to react in real-time, ensuring complete control of spend for the company while entrusting a payment card to each of its employees.

The company’s cloud-based software enables real-time monitoring of all transactions, ensuring complete transparency in the spending process. 

For employees, the solution eliminates the need to advance personal funds for business or mobility expenses, simplifying the process and improving employee satisfaction.

Each time an expense is incurred using a Mooncard, the tamper-proof payment data is automatically and immediately pre-filled, and transformed into an accounting entry. 

The employee simply needs to photograph the receipt with their smartphone for archiving, which has legal value with relevant fiscal authorities.

The Investors

With a €350M allocation, Orange Ventures invests in innovative startups in areas of strategic interest of Orange (Networks & IT, Digital Enterprise, Cybersecurity, and Fintech) and beyond (Consumer platforms, E -gaming, Edtech, Health, etc). 

Orange Ventures also deploys initiatives dedicated to the Africa and Middle East region.

“We are delighted to announce our investment in Mooncard, an innovative French fintech that offers tailored payment solutions for companies and their employees, thus contributing to the digital transformation of companies and administrations. This new round of financing will enable Mooncard to strengthen its position in the corporate payment card market both in France and internationally,” says Clément Combal, Partner at Orange Ventures 

Portage is a global investment platform focused on fintech and financial services with over $2B under management, 65 portfolio companies in 13 countries, and 55 professionals across 4 countries. 

“Portage is thrilled to support Mooncard in its next phase of expansion. With over 6,000 customers and quickly growing, Portage believes that Mooncard is the clear category leader in corporate debit cards and business expense management software. We believe Mooncard is well-equipped to serve the modern, evolving needs of finance teams and corporate employees across Europe,” explains Hélène Falchier, Partner at Portage