Moss and Marqeta Forge Partnership to Lead Technical Innovation in Fintech

Moss, the fintech transforming spend management for small and medium-sized businesses (SMBs), has today announced an exciting new partnership with the global modern card issuing platform, Marqeta. Using Marqeta’s open API platform, Moss can issue business cards to European SMEs that enable them to spend smarter, with real-time visibility and control, saving hours each month by automating time-consuming manual tasks. Together, the two fintech platforms are focused on breaking into new technological areas to offer innovative, user-friendly solutions to their customer bases, and support growth and innovation among SMEs.

With Moss, companies have access to company credit cards that can be used for all types of business expenses, whether they are one-off travel expenses or recurring monthly transactions with suppliers. All expenses are then tracked holistically in a single dashboard, providing finance teams with the real-time data required for accurate financial reporting, saving time by streamlining processes, and giving CFOs the precision and oversight needed to inform strategic decisions.

Marqeta enables immediate issuance and processing of card payments. Through cooperation with Marqeta, Moss customers can create and use their cards in seconds, pending approval from the administrator. The flexibility and agility of Marqeta’s platform make them the ideal partner for Moss, demonstrating the shared ambition to innovate the finance function of SMEs.

Moss co-founder and COO Stephan Haslebacher is confident that the partnership with Marqeta will continue to strengthen and deliver results for both customer bases: “Marqeta has made our international expansion journey easy and we are pleased with how our ambitions for continuous innovation align. Our partnership is key to enabling us to fulfill our mission to raise the financial backbone of the SME economy in Europe and beyond.”

“Historically, card products were static and it could take weeks or months to launch a standard new card program,” said Jeff Parker, SVP and CEO, International at Marqeta. “We are proud to partner with Moss to enable them to add new innovative card products and launch in new markets quickly and seamlessly – delivering the highest level of customer service to their spend management customers across Europe.”

Important advantages of the Marqeta and Moss integration platforms:

• Modern system: Marqeta enables Moss to quickly add cards to its product, without the long processes required by traditional, old-economy suppliers. Designed to drive innovation, Marqeta’s solution makes it easy for Moss to build unique card-related value propositions within the Moss platform, while ensuring a high degree of flexibility and speed.
• Sandbox: Being able to test card programs including transactions before they go live with Moss’ customer base is crucial for the expansion process. The collaboration with Marqeta means that Moss is able to ensure that product localization measures do not affect the customer experience; the product works as it should on day 1, allowing Moss to deliver a highly reliable payment experience in all markets.
• Presence in several markets: Marqeta is already active in the markets Moss has expanded into, which makes the product building process seamless. Instead of taking months, or even years, to set up Moss products for a new market, it only takes days with Marqeta.

Using next-generation technology such as machine learning and OCR automation, Moss seamlessly removes the complexity of financial processes, including invoice registration, invoice tracking and approval, spend approval and so on, while Marqeta’s custom-designed platform gives the customer fine-tuned control over every aspect of their card program, and provides open APIs and advanced analytics. Through a centralized platform, the two companies have enabled full visibility of transactions and expenses, complete card control and more to create a best-in-class experience for their customers.

In addition to relevant functional requirements from the platform, Marqeta’s and Moss’ long-term vision for the markets they could serve was closely aligned. Together they have developed a platform to meet EU standards, ready to lead technical innovation in the fintech area.