Tristan Leteurtre and Damien Metzger founded Mooncard in Paris in 2016. The idea was simple: give each employee a company card, let them photograph the receipt, and send the entry straight to accounting. Leteurtre served as co-founder and CEO.
The first years were spent convincing finance teams to drop personal cards and expense reports. In January 2019 Mooncard announced its first institutional round, about €5 million, to speed up its roll-out among small and mid-sized companies.
In 2021 the company raised about €20 million from existing investors including Aglaé Ventures and Raise Ventures, and pushed into other European countries. In 2023 it raised €37 million, with Orange Ventures and Portage joining, and added carbon-footprint tracking of card spending.
Mooncard now says it serves about 5,000 client companies, with 200,000 cards in seven countries and about €3 billion of employee spending paid by card. Pierre-Yves Roizot later became CEO. Public clients include the French State's purchasing directorate.