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Mesh Payments is a technology company.
Mesh Payments provides a spend management platform for corporate finance teams. It delivers real-time expense control and automation through virtual and physical cards, offering a unified global spend experience. Key capabilities include travel and expense management, all powered by AI-driven controls to centralize and streamline corporate spending.
Founded in 2018 by Oded Zehavi and Eran Katoni, Mesh Payments originated from an insight into corporate spend inefficiencies. Oded Zehavi, previously Chief Revenue Officer at Payoneer, brought extensive global payments expertise. The company began in Israel, subsequently establishing its headquarters in New York.
Mesh Payments serves global organizations, empowering finance leaders including CFOs, controllers, and travel managers with enhanced visibility and control over expenditures. The company's vision is to transform finance team operations by automating processes and enabling data-driven decision-making for efficient, flexible financial management worldwide.
Mesh Payments has raised $123.0M across 3 funding rounds.
Mesh Payments has raised $123.0M in total across 3 funding rounds.
Mesh Payments is a fintech company providing an all-in-one corporate payments platform focused on travel and expense management for global enterprises.[2][3][4] It integrates corporate cards, expense automation, real-time reporting, and travel bookings into a unified system, solving fragmented spend visibility and manual reconciliation challenges for finance teams, employees, and travel managers.[2][4] The platform serves SaaS and distributed organizations, processing over $1 billion in annual payment volume, with features like AI-driven categorization, automatic receipt matching, and global multi-currency support via Mesh Global.[4][6] Recent growth includes partnerships with SoFi and Galileo for streamlined processing, and regulatory wins like payment licenses in Israel.[4][7]
Mesh Payments was founded in 2018 in New York by CEO and co-founder Oded Zehavi, who identified frustrations in legacy expense systems amid the shift to distributed, global, and cloud-based workforces pre- and post-COVID.[2][4][7] Zehavi, drawing from fintech experience, built the company to revive the CFO stack with next-gen corporate cards and automation, starting with tight integration of card payments and expense data for real-time visibility.[2] Early traction came from addressing travel & expense (T&E) pain points like receipt collection, evolving into a full platform; by 2023, it launched Mesh Global for unified international spend management.[6] Pivotal moments include selecting SoFi as sponsor bank and Galileo for API-based processing in recent years, accelerating enterprise-scale solutions.[4]
Mesh Payments rides the wave of modernized CFO tools in a post-COVID era of remote, global teams and cloud services, where traditional T&E systems fail distributed enterprises.[2] Timing aligns with fintech's push for embedded finance—corporate cards linked to SaaS workflows—amid rising demand for automation as companies scale internationally.[6][7] Market forces like regulatory easing (e.g., Israel licenses) and processor partnerships favor Mesh, positioning it against incumbents by prioritizing employee experience and finance control in a $100B+ expense management market.[2][4] It influences the ecosystem by enabling fintechs like SoFi to extend enterprise solutions, fostering innovation in spend orchestration.[4]
Mesh Payments is poised for accelerated global expansion, building on $1B+ payment volume and new licenses to capture more enterprise market share in automated spend management.[4][7] Trends like AI-enhanced compliance, multi-currency virtualization, and embedded payments will shape its path, potentially integrating advanced analytics for predictive budgeting. Its influence may grow through deeper fintech alliances, evolving from T&E specialist to comprehensive global payments orchestrator—delivering the control and delight that fragmented legacy systems never could, much like its founding vision to transform corporate finance friction.
Mesh Payments has raised $123.0M in total across 3 funding rounds.
Mesh Payments's investors include Rick Gerson, Entr e Capital, Meron Capital, Tiger Global, TLV Partners, John Curtius, 8VC, Activant Capital, Alumni Ventures, Cedar Capital Group, Kevin Ding, Founders Fund.
Mesh Payments has raised $123.0M across 3 funding rounds. Most recently, it raised $60.0M Series C in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 7, 2022 | $60.0M Series C | Rick Gerson | Entr e Capital, Meron Capital, Tiger Global, TLV Partners |
| Dec 1, 2021 | $50.0M Series B | John Curtius | 8VC, Activant Capital, Alumni Ventures, Cedar Capital Group, Kevin Ding, Founders Fund, JLL Spark, Modern Venture Partners, S Capital VC, TLV Partners, Verified Capital, Alain Hanover, Entr e Capital, Falcon Edge Capital, Meron Capital |
| Feb 1, 2021 | $13.0M Series A | TLV Partners | 7GC & Co, All Iron Ventures, Bain Capital Ventures, B Capital Group, Canvas Ventures, ENIAC Ventures, Fifth Wall, FJ Labs, JLL Spark, Launchpad Capital, Norwest Venture Partners, Oak HC/FT, PS Investments, Redpoint Ventures, Sapphire Ventures, S Capital VC, Sierra Ventures, Eric Wu, Jeremy Yap, Marc Benioff, Todd Rovak, Meron Capital, R-Squared Ventures |