Corporate Payment And Spend Management Platform Mesh Payments Raises $50 Million

By Annie Baker ● Dec 22, 2021
  • Mesh Payments — a leading corporate payment and spend management platform — announced recently that it has raised $50 million in Series B funding. These are the details.

Mesh Payments — a leading corporate payment and spend management platform — announced recently that it has raised $50 million in Series B funding led by Tiger Global. The other investors include Entrée Capital, Falcon Edge Capital, and existing investors TLV Partners and Meron Capital.

Mesh plans to use this round of funding to continue its accelerated growth, expand its US operations and introduce additional products that transform the way finance professionals manage payments by giving them a new level of control and visibility. The company demonstrated staggering growth of roughly 10x over the past 9 months.

And Mesh is disrupting the spend management space with a holistic, easy-to-use corporate payments platform that enables finance managers to streamline their entire payments from one powerful platform. In doing so, businesses are able to gain full control over their spending together with tailored insights for each payment and the tools needed to optimize their spending in real-time.

Mesh offers a full solution tailored to individual payment types, SaaS payment management, travel payment management, and more. And the platform already powers some of the world’s fastest-growing brands, including Monday.com, Hippo Insurance, Sezzle, Riskified, and Snyk.

KEY QUOTES:

“This is a very exciting time for Mesh as we experience rapid growth with more and more businesses realizing the value we provide. 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.”

— Oded Zehavi, co-founder and CEO of Mesh Payments

“Mesh Payments is an example of a true disruptor — a company whose innovations are transforming an already-established industry. We’re proud to support a business that continues to deliver on its ambitions, and we look forward to helping Mesh modernize the payments space even further.”

— John Curtius, Partner at Tiger Global

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