Main Highlights
- Mooncard announced a €20 million new financing landing for a French financial company.
- The startup says that the expenditure accounts have an estimated daily effect on around 650,000 French enterprises and almost 2,5 million employees routinely report their expenses.
- It is a leader in a new generation of corporate card companies and was founded in 2016.
- The Company Card enables the full automation of all business costs.
Mooncard announced a €20 million new financing landing for a French financial company. It intends, alongside increasing its national footprint, to expand its services and to recruit 100 additional team members in 2022, to expedite its large-scale development in numerous European nations.
Fintech was formed in March 2016 under the leadership of Tristan Leteurtre (CEO, ex-VLC) and Damien Metzger (CTO, ex-Prestashop). Mooncard is a leader in smart business cards: safe and flexible Mooncard is available for all corporate expenses (company costs, online shops, subscriptions) to be paid for and administrative administration entirely automated (pre-filling of data, storage of receipts, accounting treatment).
The startup says that the expenditure accounts have an estimated daily effect on around 650,000 French enterprises and almost 2,5 million employees routinely report their expenses. You still have the same methods (advance money, retain receipts, input data, re-entry, rework, and inspection more than once before reimbursement) that have become one of the major everyday problems of businesses.
Benefits of using Mooncard
The intelligent payment card is the only way to completely eliminate this inconvenience through the elimination of a double administrative burden and mental burden such as spending money on their work, fears of losing or never being reimbursed incoming incomes, supervision, and suspicious filling of the form and so on.
Mooncard is a leader in a new generation of corporate card companies and was founded in 2016 under the leadership of Tristan Leteurtre (CEO, former VLC, Anevia), Damien Metzger, and Pierre-Yves Roizot (CFO, former Vente-Privée). The Mooncard Company Card enables the full automation of all business costs (professional charges, buy online, subscription) and administration management. Secure and customizable (pre-filling of data, storage of supporting documents, accounting treatment).
Employees of Mooncard constitute an additional team, linked by shared ideals. Innovative, new services offered or consumer guidance provided: their clients are central to their efforts. Employees of Mooncard customer care provide businesses the advantage of their experience with corporate card use and implementation.
Mooncard’s Automation
MoonCard, with a system that enables the management of several thousand cards for a single customer, is the only corporate card in France and Europe that works with both small businesses and transnational corporations. Moreover, Mooncard is the first firm to automate spending and account processing entirely.
Mooncard (Cora, Odigo, Norauto, Zadig &Voltaire, Groupe Poisson, Vinci, Indigo) has been chosen by more than 3,000 enterprises in France and over 350 companies are recommending the solution. Not only are enterprises trusting Mooncard, more than 500 public bodies also have chosen this solution in the context of a significant contract with the French State.
The Mooncard is very safe and is customized in a click (e.g., €20 or €200 per day for restaurants, gas stations, and cabins, international cards, online payments, and weekends disabilities). The Mooncard may be configured by clicking. Each one of its employees might be given a card without fear by the firm. All transactions are saved and may be seen in real-time in a secure cloud.
If an employee pays for his or her MoonCard (for lunch, a cab, a plane ticket, a computer, software subscription), all of the payment information is pre-filled and processed quickly and instantly on the account. The employee is required to picture the receipt using his smartphone, which for the French authorities is archived of legal importance.
“We’ve concentrated on combating mental burden in our workplace since we started. Managers and managers have enough to care about every day, without allowing an administrative difficulty such as expenditure accounts to paralyze their brains,” stated Mooncard’s co-founder and CEO Tristan Leteurtre. They want to get rid of that burden from all employees, accountants, and managers, in the private and public sectors, in small, medium, and big enterprises.
Their objective is to develop further, both globally and in the French market and to provide innovative, smart digital solutions. In the previous few years, software and apps have all tried to digitize or decrease the administration of expenditure accounts, but not completely remove them. The ideal way is to automatically complete the procedure and erase the cost account physically. The only one to do this is Mooncard. The ideal cost account is a dead cost account that no longer exists.
“We are delighted to be partnering with the Mooncard Series B, a powerful firm which saves staff and finance departments of SMEs and SMB clients significant time”, says Julien Creuzé, a partner in BlackFin Capital Partners. When they agree with Flying Blue, Mooncard is the only fintech company they know, enabling its customers to make thousands after every expense!
Because of their double experience in transactions (paying and treasury) and Software, the Mooncard founders encouraged them to invest (automation of accounting entries and interoperability). “This is a competence that is unique in this industry, therefore they operate as comfortably with an SME as with a multinational business or public administration,” says Partech Managing Partner Jean-Marc Patouillaud.