Mesh Payments said to raise $13m in funding round

Mesh Payments, which claims to be transforming corporate payments, has reportedly scored $13m in funding.

The equity infusion was led by TLV Partners, with contributions also coming from Meron Capital and R-Squared Ventures, according to a report from The Paypers. A handful of angel investors also contributed to the round.

This fresh capital will be used to bolster Mesh’s sales and marketing efforts, and help to form additional strategic partnerships.

Mesh Payments claims to have increased its customers and revenue by 20-times.

The FinTech helps businesses to gain full visibility, control and intelligence on their payments to improve operations.

Its products include subscription payments, virtual cards, on-demand payments, payment intelligence, receipt automation and accounting integrations.

The payment intelligence uncovers opportunities to reduce corporate spend while protecting the business from failed payment risks.

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