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Paris-based FinTech startupooncardas generated 20 million euros $23.7 million in new Series B funding, according to a Friday Sept. 3 press release. The funding round was led by BlackFin Capital Partners, Partech, Agla茅 Ventures and RAISE Ventures. 聽As part of the funding round, the 5-year-old corporate credit card provider intends to step up its efforts in several European countries ?which the company deems the top five countries ?in the next 12 months. Mooncard also plans to further its national reach and hire 100 new employees by 2022. The company also <a href=https://www.stanley-cups.it>stanley borraccia</a> plans <a href=https://www.stanley-cups.it>stanley italia</a> to upgrade its digital functionalities.聽Mooncard provides businesses with corporate credit cards used for payments, as well as expense management products, according to the companys website. In addition to its business customers, more than 500 public entities use Mooncard as part of an arrangement with the French State, according to the release.聽Mooncard combines a physical card solution with a digital expense management platform to simplify the spend management process for businesses, according to PYMNTS. Mooncard enables businesses to issue cards to employees and set custom spend controls. When employees make a card purchase, they receive a text mes <a href=https://www.cup-stanley.fr>stanley quencher</a> sage with a link connecting to a portal through which they can upload a photo of the receipt and add details about the purchase. Managers then receive notifications about expenses through a unified digital platform.聽See also: Mooncard Lands VC For Corporate Card, Lxrq Tesco to Launch Discount Stores In UK
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