Moss Taps GoCardless for Direct Debit – Finovate

• Corporate card startup Moss has selected GoCardless as its direct debit provider in the U.K.
• The partnership will help Germany-based Moss break further into the U.K. market and will help Moss clients automate their corporate card management.
• Since Moss does not charge late payments, GoCardless will also serve a key role in powering automatic collections of late payments.

U.K.-based direct bank payments company GoCardless has added a new client today. German corporate card startup Moss has selected GoCardless as its direct debit provider in the U.K.

Moss helps its 2,220 small business clients automate administrative tasks, including activities around corporate cards, invoices, approvals, budgeting, and accounting. Leveraging GoCardless’ direct debit technology will help Moss build momentum in the U.K., its third international market.

“Moss is a dynamic European start-up and we’re excited to play a pivotal role in its expansion plans,” said GoCardless VP and General Manager, EMEA Alexandra Chiaramonti.

Today’s partnership will also help Moss with automatic collections of late payments. Additionally, GoCardless’ technology will help Moss clients automate their corporate card management.

“At Moss, our mission is to automate spend management to make month end as seamless as possible for modern finance teams,” said Moss CEO Ante Spittler. “That’s why we’re excited to offer GoCardless for repayments. It removes one more point of friction for our customer, and helps fulfill our ethos of using automation to help SMBs save time and money.”

Moss was founded in 2019 and differentiates itself from other corporate card providers with two factors. First, it does not charge interest on late payments. Second, the company extends businesses a credit limit of up to £2.5 million per month, which is relatively high.

GoCardless, which won Best Enterprise Payments Solution at the 2021 Finovate Awards, was founded in 2011. The U.K.-based company’s technology helps merchants collect recurring and one-off payments from customers via ACH transfers. Businesses can integrate GoCardless’ API to automate payment collection and reconciliation billing for subscription and invoice payments. Among the company’s clients are DocuSign, Survey Monkey, and Klarna.

“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,” said Chiaramonti.

Photo by Orhan Akbaba

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• Source: https://finovate.com/moss-taps-gocardless-for-direct-debit/