# Mesh Payments

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mesh-payments

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.meshpayments.com
- Total disclosed funding: $110M
- Latest round: Series C (Sep 7, 2022)
- Investors on record: 5

## About

Mesh Payments Inc. is a financial technology firm that specializes in providing advanced travel and expense management solutions for large enterprises, streamlining financial operations and enhancing compliance through innovative products.Founded in 2018, Mesh Payments Inc. is headquartered in New York, US, focusing on travel and expense management for global enterprises. The company has completed 3 deals, with the most recent funding round being a Series C on September 7, 2022, where it raised USD 60.00 mn led by Alpha Wave Global, with participation from investors including Tiger Global, TLV Partners, Entreé Capital, and Meron Capital. The company was co-founded by Eran Katoni and Oded Zehavi, who also serves as CEO. Mesh Payments has not undergone notable pivots or changes in its operational strategy since its inception.Mesh Payments offers a comprehensive travel and expense management platform designed for modern global enterprises. The core offerings include smart corporate cards, automated expense management, and integrated travel booking solutions, engineered to streamline financial operations and provide real-time visibility into spending. The platform is utilized primarily by large and international organizations across various sectors, operating in North America, Europe, Asia, and Australia, and facilitating seamless transactions in over 100 countries.Mesh Payments generates revenue through a subscription-based model, enabling clients to access features like automated expense tracking, corporate card issuance, and travel management tools. Revenue streams include service subscriptions and transaction fees associated with card usage, allowing companies to manage travel expenses efficiently without incurring foreign exchange fees through its MeshPay Visa® Commercial Reloadable Prepaid Card.In September 2022, Mesh Payments Inc. raised USD 60.00 mn in Series C funding, led by Alpha Wave Global. The company plans to utilize this funding to enhance its go-to-market (GTM) efforts and advance product innovation. Future strategies include the development and launch of new products aimed at improving travel and expense management solutions, as well as expansion into additional markets. Specific regional targets are not outlined, but the company is focused on increasing its global footprint.

## Funding rounds

- Series C, Sep 7, 2022, $60M — Tiger Global Management, Alpha Wave Global, Entree Capital, TLV Partners, Meron Capital
- Series B, Dec 14, 2021, $50M — Tiger Global Management, Alpha Wave Global, Entree Capital, TLV Partners, Meron Capital

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series B, Series C
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series B, Series C
- TLV Partners (https://capitalatlas.ai/funds/tlv-partners) — Series B, Series C
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Series B, Series C