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Power Law company profile

Mooncard

Fintech · Paris, France · Founded 2016

Mooncard is a financial technology firm targeting the corporate expense market, founded in March 2016 by a team including Tristan Leteurtre, Damien Metzger, and Christophe Crémer. The company was established to address the administrative burden associated with expense reports for employees and financial departments. The founding team brought together a diverse skill set; Leteurtre (CEO) is a serial entrepreneur with a background that includes work at VLC Media Player and founding Anevia; Metzger (CTO) has experience from e-commerce platform PrestaShop; and Crémer is also a co-founder of Meilleurtaux. The company's core business revolves around providing a comprehensive solution that pairs corporate payment cards with an automated expense management platform. Mooncard generates revenue through subscription and transaction fees. Its clients range from small and medium-sized enterprises to large corporations and public sector entities, including notable names like Air France and Vinci. Initially focused on the French market, Mooncard has expanded its operations to several other European countries, such as Germany, Austria, Belgium, Spain, Italy, and the Netherlands. This expansion has been supported by significant funding rounds, including a €37 million Series C in April 2023, bringing its total raised capital to over $75 million since 2019. Mooncard's product suite offers both physical and virtual Visa cards that are integrated with a SaaS platform and mobile application. A key feature is the high degree of customization and control available to finance teams. Companies can set specific spending rules for each card, such as defining authorized merchant categories, setting spending limits, and controlling usage periods (e.g., weekends, international). When an employee makes a purchase with a Mooncard, the transaction data is automatically captured and pre-fills an expense report. The employee's only required action is to take a photo of the receipt with their smartphone for digital archiving. This process automates the entire workflow from payment to accounting entry, integrating with existing accounting software to eliminate manual data re-entry. The platform also assists with VAT recovery. For specific client needs, Mooncard offers specialized cards, such as fuel cards and a premium option that earns Flying Blue Miles. Keywords: expense management, corporate card, fintech, SaaS, payment automation, business expense, accounting integration, spend control, financial technology, VAT recovery