Mesh Payments lands $60m in Series C funding

New York-based finance automation platform Mesh Payments has landed $60 million in a Series C funding round led by Alpha Wave.

Mesh Payments raises $60m

Also participating in the round were existing investors Tiger Global, TLV Partners, Entreé Capital and Meron Capital.

Mesh last raised $50 million in its Series B funding round in December, which was led by Tiger Global. The new investment takes the total amount raised by the company to $123 million.

Mesh says the new money will be used to expand its go-to-market efforts and accelerate product innovation.

Founded in 2018, Mesh Payments allows finance teams to automate, control and optimise their corporate spend and has over 1,000 mid-market companies as clients.

Mesh claims its platform gives finance managers “more granular” control over their corporate spend, making legacy corporate cards “obsolete”. It says its focus on payment models including SaaS subscription management, as well as its numberless Visa physical card, differentiate it from competition.

“As companies operationalise distributed and remote workforce models, holistic visibility over company spend is even more critical,” says Oded Zehavi, co-founder and CEO of Mesh Payments.