Mesh Payment Management Platform…

Mesh Payment Management Platform… post thumbnail image

The startup will invest in the development of new platform features.

B2b financial management platform Mesh Payments raised $50 million in Series B funding. The company did not disclose its post-investment valuation.

  • The fintech startup will use the funds raised to develop new functions of its platform, as well as grow its business. Investment company Tiger Global became the main investor. EntrĂ©e Capital and Falcon Edge Capital are also participating, as are previous sponsors TLV Partners and Meron Capital.

  • Mesh Payments was founded in Israel in 2018. In February, the b2b startup raised $13 million in a venture funding round, according to Crunchbase. This platform helps companies control the expenses of their employees and issue company cards for them. Mesh Payments has the ability to integrate with other financial management software such as Slack, NetSuite and Google G Suite.

  • So far, only American companies can use the Mesh Payment service. According to the site, in the near future, the startup plans to enter the European market and the Asia-Pacific region.

  • Startup clients include BNPL platform Sezzle, cloud platform Monday.com and software developer Riskified.

  • British firm Soldo, corporate credit card company Brex and Danish platform Pleo are competing against startups.

Read also: SnapLogic’s b2b automation platform with Microsoft’s investment has become a unicorn.

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