Mesh Payments, a NYC-based corporate payment and spend management platform, raised $50m in Series B funding.
The round was led by Tiger Global with participation from Entrée Capital, Falcon Edge Capital and existing investors TLV Partners and Meron Capital.
The company plans to use the funding to continue its accelerated growth, expand its US operations and introduce additional products.
Led by Oded Zehavi, co-founder and CEO, Mesh Payments provides a corporate payments platform that enables finance managers to streamline their entire payments from a single solution. In doing so, businesses get full control over their spend together with tailored insights for each payment and the tools needed to optimize their spend in real-time. Mesh provides a full solution tailored to individual payment types, SaaS payment management, travel payment management and more. The platform is already used by some of the world’s fastest-growing brands, including Monday.com, Hippo Insurance, Sezzle, Riskified and Snyk.