Berlin-based spend-management startup Moss has raised €30m in a Series C round, achieving a €1bn+ unicorn valuation. The company serves 5,000+ SMBs across Germany, UK, Netherlands, and Austria with corporate cards, invoice management, and automated accounting, processing over two million transactions monthly via AI agents. Moss differentiates itself by positioning its AI as 'controllable' — keeping humans in the loop rather than fully autonomous — citing research that 48% of finance leaders prioritize control over full autonomy. The platform is BaFin-regulated, runs on Google Cloud in Frankfurt, and integrates with European accounting tools like DATEV. The raise signals renewed investor appetite for European fintech, though competition from Pleo and US-based Ramp expanding into Europe intensifies the pressure.
