HSBC Innovation Banking UK Extends EUR 50 Million Debt Facility to Accelerate Moss' European Expansion

HSBC Innovation Banking UK has extended a new debt facility of EUR 50 million to Moss, a company that specialises in spend management solutions and next-generation corporate credit cards for small and medium-sized businesses (SMBs).

This substantial funding injection will facilitate Moss' accelerated expansion across Europe, enabling the company to offer enhanced spend management solutions and innovative corporate credit card options to SMBs. Additionally, this financial support will broaden Moss' access to bank capital and provide strategic financing avenues to further bolster its growth in key markets.

In 2023, Moss achieved significant growth, more than doubling its business and serving a substantial number of SMB customers with its products and services. The funds will be utilised to expand its presence in the European Union and the UK while meeting the growing demand for cost-effective payment-related credit solutions within its core markets.