Berlin-based fintech Moss has closed a EUR 35 million Series C funding round led by Portage at a EUR 1 billion valuation, granting the company unicorn status, the firm said on 5 August 2026. Existing investor Cherry Ventures also participated in the round.
The financing takes total funding raised by Moss to more than EUR 200 million since its founding in 2019. The company said the proceeds will be used to build out Finance AI that takes on more of the work of finance organisations, from spend and accounts receivable management to journal entries and the month-end close.
FINANCE AI FOR THE BACK OFFICE
Moss, which began in spend management, is expanding into a broader Finance AI product suite for finance teams.
According to The Next Web, Moss's AI agents process more than two million transactions a month, and the company has annual recurring revenue of more than EUR 70 million.
5,000 BUSINESSES ACROSS EUROPE
Moss said its platform powers the finance teams of more than 5,000 businesses across Germany, the United Kingdom, the Netherlands and other European markets.
Dan Ballen of Portage said: "Moss's AI-powered technology platform has quickly emerged as a best-in-class solution for finance teams in a wide range of end markets."
Chief executive Ante Spittler said: "With this funding round, Moss has solidified itself as a market leader in helping finance teams across Europe improve their day-to-day operations."