Mesh Payments, a leading corporate payment and spend management platform, has raised $50 million in Series B funding led by Tiger Global, the company announced Tuesday.
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Mesh's platform allows finance managers to streamline all payments and provides a solution that can accommodate individual payments, SaaS, travel payment management, and more. The platform is already in use at brands such as Monday.com, Hippo Insurance, Sezzle, Riskified and Snyk.
"This is a very exciting time for Mesh as we experience rapid growth with more and more businesses realizing the value we provide," said Oded Zehavi, co-founder and CEO of Mesh Payments. "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."
Other investors in the Series B round include Entrée Capital, Falcon Edge Capital and existing investors TLV Partners and Meron Capital. Mesh plans to use the funding to continue its accelerated growth, expand its US operations and introduce additional products.
