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Mesh Payments raises $60 million in funding for its finance automation platform

by Babu Patil
Mesh Payments raises $60 million in funding for its finance automation platform

Mesh Payments, an insight-driven finance automation platform, raised $60 million in new financing.

Alpha Wave led the equity round with participation from existing investors, including Tiger Global, TLV Partners, Entreé Capital, and Meron Capital. 

Including the latest round, Mesh Payments has raised a total of $123 million to date.

Mesh plans to use the fresh funding to accelerate its go-to-market efforts and product innovation as it captures a growing share of the more than $100 trillion B2B payments market.

“Since day one, Mesh has focused on giving CFOs the automation and insights they need to more effectively manage their day-to-day operations,” said Oded Zehavi, co-founder & CEO of Mesh Payments. “

“And as companies operationalize distributed and remote workforce models, holistic visibility over company spend is even more critical. The confidence in Mesh from investors and customers, even in a turbulent market, reinforces that our finance automation platform is what companies want to help them navigate a cost-cutting environment.

“The best CFOs are looking to get the most out of every dollar and hour, particularly during times of economic turbulence. With its strategic partnerships and best-in-class finance automation platform, Mesh Payment delivers exceptional value to its customers,” said Rick Gerson, co-founder chairman, and chief investment officer of Alpha Wave Global. 

With new funds, Mesh continues to enhance its platform to help finance teams automate, control, and optimize their corporate spending — from travel and expense (T&E) to SaaS subscriptions. The 1,000 mid-market companies using Mesh today are 5X more efficient, saving their finance teams, on average, three days a month. Mesh clients include some of the world’s fastest-growing brands, such as Monday.com, Hippo Insurance, Sezzle, Riskified, and Snyk....

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