Mesh Payments, a corporate payment and spend management platform, has raised $50m in Series B funding led by Tiger Global.
Other investors included Entrée Capital, Falcon Edge Capital and existing investors TLV Partners and Meron Capital.
Mesh Payments, which said it has experienced staggering growth over the past nine months, said it plans to use the funding to continue its accelerated growth. It will also use the capital to 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 platform said it 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.
Mesh’s solution is tailored to individual payment types, providing SaaS payment management, travel payment management and more. The platform already powers some of the world’s fastest-growing brands, including Monday.com, Hippo Insurance, Sezzle, Riskified and Snyk.
Oded Zehavi, CEO and co-founder, said, “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.”
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