Fast-growing fintech Moss joins forces with Klarna Kosma to boost European expansion, driving digitisation for SMEs

London, 25 November 2022 – Klarna Kosma, Klarna's financial technology platform for banks, fintechs and innovative retailers, has today announced a partnership with Moss, the fast-growing European fintech digitising expense management for small and medium-sized businesses. 

Moss provides digital expense management to small and medium-sized businesses in the UK, Germany and the Netherlands. The partnership enables Moss to help SMEs save time and money by reducing administration, controlling spend, and gaining real-time visibility over what is spent and where. Moss uses Klarna’s Open Banking platform to gain access to its customers’ much more quickly and accurately. This allows Moss to onboard new customers more quickly and provide credit products much more accurately. Klarna Kosma will also accelerate Moss’s international expansion to new markets. 

Klarna Kosma is a sub-brand and business unit of Klarna to harness the rapid growth of its world-leading Open Banking platform. By providing simple access to more banks than any other Open Banking provider, Kosma rapidly reduces the time for new fintech services to reach global scale and provides the essential building blocks for innovation in financial services.  

Jörg Heilmann, Senior Solution Engineer at Klarna Kosma, commented: “With access to Klarna Kosma, Moss will be better equipped to drive its international expansion plans and meet its wider business goals. We recognise that Moss has a vital role to play in the European market in helping SMEs harness their financial management, and with the use of Klarna Kosma they will be able to do this on an even bigger scale.”

Mike Panzeri, General Manager UK at Moss, added: “Partnering with Klarna Kosma is a natural next step for us as we look to expand further overseas and empower more businesses with financial confidence. Kosma’s Open Banking solution will enable us to make better-informed business decisions which will ultimately lead to more positive outcomes for growing companies across Europe.”

About Klarna Kosma
Klarna Kosma is a sub-brand and business unit of Klarna to harness the rapid growth of its world-leading Open Banking platform. By providing simple access to more banks than any other Open Banking provider, Kosma rapidly reduces the time for new fintech services to reach global scale and provides the essential building blocks for innovation in financial services. Kosma provides financial institutions, fintechs and merchants with the essential connectivity to build the next generation of fintech apps and services by providing simple and secure access to 15,000 banks in 27 countries around the world through a single API. The new business unit will harness the massive growth Klarna has seen in this area, having more than doubled the number of connected banks in the past year. Today, Kosma processes close to a billion information requests to bank accounts each year.

About Moss 
Moss is an intelligent spend management solution that enables finance teams to save time and manage their business spend with smart corporate credit cards, digital invoice management, and seamless accounting integrations, among other finance tools, Moss enables finance teams to unlock greater efficiencies and dedicate more time to core business needs.