Mos secures $40m Series B funding to drive product expansion
Student financial services app Mos has raised $40 million in a Series B funding round to support its plans to expand beyond student banking services and serve the wider financial needs of Gen Z.
Mos founder and CEO Amira Yahyaoui
The round was led by Tiger Global and saw the return of previous investors Sequoia, Khaled Helioui, Expa, Emerson Collective and Lux Capital.
Writing in a blog post on the company’s website, Mos founder and CEO Amira Yahyaoui says the firm experienced rapid expansion in 2021.
Over the year it added millions of dollars in scholarships to the platform, launched new financial education content for millions of students on TikTok and built out customer-focused internal tools and resources.
The US platform launched its banking solution in September and grew its user base 14x in just three months.
The cash from this latest round will allow Mos to go on a hiring spree as it looks to maintain its recent growth spurt.
Yahyaoui says the company’s mission is to “tear down all financial barriers to opportunity” for those in their formative years.
Following student financial support and a banking solution, Yahyaoui says the firm will continue to “build better and faster products to meet our customers’ needs”.
