Corporate Spend Management Startup Mesh Raises $50M in Series B

Corporate payment and spend management platform Mesh raised $50 million in a Series B funding round led by Tiger Global, according to a press release on Tuesday (Dec. 14).

The round also saw participation from new investors Entrée Capital and Falcon Edge Capital and existing backers TLV Partners and Meron Capital.

Mesh is planning to use the fresh infusion of capital to continue growing its U.S. operations and launching new products to help finance professionals manage payments with more control and visibility.

See also: Mesh Payments Raises $13 Million To Advance Cardless Corporate Payments

Per the announcement, the corporate payments platform has focused its efforts on disrupting the spend management sector and enabling spend managers to streamline everything from a single platform. Mesh says that it offers a custom solution that extends the necessary tools to optimize spend in real-time.

Mesh also offers tools tailored to individual payment types, software-as-a-service (SaaS) payment management, travel payment management and more. The platform works with known brands like Monday.com, Hippo Insurance, Sezzle, Riskified and Snyk, according to the release.

Read more: Mesh Payments Rolls Out Cardless B2B Recurring, One-Time Payments

The co-founder and CEO of Mesh Payments, Oded Zehavi, said the company’s fast expansion is due to the many companies that have used its services and realized the benefits.

“The latest influx of funds enables us to continue to innovate on solutions that streamline the entire payments process to make operations smoother and faster for finance managers,” Zehavi said.

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John Curtius, partner at Tiger Global, said that Mesh Payments is a “true disruptor” and is “transforming an already-established industry.”

Mesh Payments was founded in 2018 in Israel and is now headquartered in New York. It was founded by Zehavi, a former senior executive at Payoneer and PayPal, and Eran Katoni, who also serves as chief technology officer.