Mesh Payments has partnered with SoFi Bank, a prominent provider of scalable financial services, and Galileo Financial Technologies to revolutionise enterprise expense management and accelerate the delivery of innovative solutions.
The partnership integrates Mesh Payments’ next-generation expense and card infrastructure with SoFi Bank’s scalable financial framework and Galileo’s API-driven payments processing platform, according to FF News.
This unified ecosystem is designed to streamline enterprise expense management, improve operational efficiency, and enable quicker deployment of cutting-edge financial solutions.
Mesh Payments provides enterprises with a comprehensive expense management platform, combining virtual and physical corporate cards, automated expense tracking, and travel management.
Supporting mid-market businesses and processing over $1bn in annual payment volume, Mesh empowers organisations with real-time data, automation, and centralised visibility into spending, ensuring compliance and efficiency.
SoFi Bank offers integrated commercial payment services, backed by Galileo’s cloud-based, API-driven banking and payment solutions.
As a sponsor bank, SoFi Bank bridges financial frameworks and payments infrastructure, eliminating inefficiencies for FinTech clients like Mesh Payments.
Galileo Financial Technologies, a subsidiary of SoFi, delivers advanced payment solutions aligned with strict compliance standards, enabling businesses to launch innovative products while ensuring operational security.
Key benefits of this partnership include:
- Accelerated product development: SoFi Bank’s integration with Galileo streamlines the traditionally siloed banking and payment processes, allowing faster delivery of new features.
- Regulatory expertise: Galileo’s compliance capabilities ensure Mesh Payments operates securely within federal banking regulations.
- Operational efficiency: Automation and real-time data improve compliance, reduce delays, and centralise spending visibility for enterprises.
Mesh Payments CEO Oded Zehavi said, “We’re excited to partner with SoFi and Galileo, as both companies share our vision of delivering the most modern and innovative financial solutions for businesses. They are the ideal partners to support our mission to provide companies with an efficient, forward-thinking approach to corporate travel and expense management.”
Paul Mayer, president of SoFi Bank, said, “SoFi is proud to provide the financial backbone for forward-thinking solutions like Mesh Payments. With SoFi and Galileo under one roof, we empower partners like Mesh Payments to harness Galileo’s advanced cloud-based banking core, enabling them to launch new products faster, scale seamlessly, and stay ahead of their customers’ ever-changing needs.”
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