Moss, the European technology platform used by the finance teams of more than 5,000 businesses, has closed a Series C investment round led by fintech specialist Portage, with participation from Cherry Ventures. The round values Moss at €1 billion and takes total funding to over €200 million."With this funding round, Moss has solidified itself as a market leader in helping finance teams across Europe improve their day-to-day operations," said Ante Spittler, CEO and founder of Moss. "We are excited to have Portage alongside us in this journey with support from our existing investors."Use of fundingMoss will use the newly-raised funds to build Finance AI that takes on more of the work of finance organizations, from spend and accounts receivable management to journal entries and the month-end close. Finance teams stay in control at every step, shaping the AI and approving what matters, so the work gets done faster but with greater accuracy, compliance and security.Moss's technology solution builds on what is already there rather than replacing it: receipt capture and matching, invoice workflows, policies, AI-powered pre-accounting and more than fifty seamless accounting and ERP integrations, from Xero and NetSuite to DATEV, which all remain a core part of the platform. The round validates Moss's vision of what Finance AI looks like in Europe: built on control, not full AI autonomy.Why control is criticalIn finance, the compliance bar sits high. Unsupervised errors, potentially repeating across similar transactions, impair the quality of the books. Automation without control does not scale efficiency, it scales mistakes.The gap between what the category is promising and what customers actually want shows up in Moss's own research. Asked to rank five AI promises, 65% of 471 surveyed customers put "fully autonomous" last, and only 6% put it first. Control ranked first for 48%, and the ranking held in every market surveyed: the UK, Germany and the Netherlands.The Moss survey also shows where AI is already taking hold in finance: a majority of businesses use it for communications and reporting. In the processes finance teams are judged on — month-end close, reconciliation, audit prep — adoption drops to around a quarter or less. At the same time, roughly a third of customers now call AI a "must-have" when buying finance tools.In practice, Moss's approach means AI prepares the work but takes no consequential action without team sign-off, surfaces the cases it is unsure of rather than guessing, and shows its reasoning down to the ledger account, VAT treatment and cost centre, with corrections available at any time and a full audit trail."Finance teams have trusted us for years to keep them in control of every step, first of their spend, and now of the AI doing the work," added Spittler. "As AI absorbs the manual, close-the-books work, finance stops being the back office and becomes the function that steers growth and profitability.""As specialist investors in the financial technology sector, we are keenly aware of the unique challenges faced by finance organizations," said Dan Ballen, General Partner and Co-Head of Portage Capital Solutions. "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. We are excited to support Ante and the broader team as they continue to experience rapid growth across the continent."NoYesFundraising News07 Aug, 2026