Moss, the corporate card and spend management solution, has selected GoCardless, the bank payment company, as its direct debit provider in the UK to support its international expansion.
Moss automates month-end administrative tasks for SMB finance teams, “freeing up their time through eliminating manual work — including the burden of making payments.”
By integrating GoCardless direct debit into the process, Moss will “help customers to fully automate the management of their corporate cards, from paying expenses to repaying balances to accounting.”
Working with GoCardless will also “help Moss on the back end.”
Unlike many other corporate card providers, Moss does “not charge interest on late payments.”
Coupled with its high credit limits — up to £2.5 million per month — Moss needed “a reliable method to collect large amounts on a regular basis.:
By using GoCardless, Moss will “benefit from automatic collections, providing the team peace of mind and reducing the stress of chasing late payments.”
The move comes “as the Berlin-based company, which helps over 2,220 SMBs spend smarter through increasing visibility and control and decreasing the headaches associated with administrative tasks, continues to gain momentum in the UK, its third international market.”
Ante Spittler, CEO at Moss, said:
“At Moss, our mission is to automate spend management to make month end as seamless as possible for modern finance teams. That’s why we’re excited to offer GoCardless for repayments. It removes one more point of friction for our customer, and helps fulfil our ethos of using automation to help SMBs save time and money.”
Alexandra Chiaramonti, VP and General Manager, EMEA at GoCardless, said:
“Moss is a dynamic European start-up and we’re excited to play a pivotal role in its expansion plans. By combining the best of bank payments to get paid on time, every time with a relentless focus on saving businesses time and money, GoCardless and Moss can help millions of SMBs across the continent and beyond.”
As noted in the update, GoCardless claims it is “a global leader in direct bank payments. We help more than 85,000 businesses, from start-ups to household names, collect both recurring and one-off payments, without the chasing, stress or expensive fees.”
Each year GoCardless reportedly “processes more than US$35 billion of payments across 30+ countries.”
Their acquisition of Nordigen means they’re also “helping businesses make faster and more informed decisions through easy access to bank account data.”
They are headquartered in the UK, “with additional offices in Australia, France, Latvia and the United States.”