The insight-driven finance automation platform Mesh Payments announced that it has raised an additional USD 60 million in the financing, increasing its total funding to USD 123 million as of September 7, 2022. With involvement from current investors Tiger Global, TLV Partners, Entreé Capital, and Meron Capital, Alpha Wave is leading the equity round. With the additional capital, Mesh will be able to increase its GTM efforts and quicken the pace of product innovation as it expands its portion of the $100T+ B2B payments industry.
Mesh improves efficiency and creativity throughout the CFO tech stack, enabling businesses to respond more quickly to shifting market conditions. The 1,000 mid-market companies who are currently utilizing Mesh are collectively 5X more effective, saving their finance teams, on average, three days each month.
According to Oded Zehavi, co-founder and CEO of Mesh Payments:
“Mesh has focused on delivering CFOs the automation and insights they need to run their day-to-day operations since day one better efficiently.” And comprehensive oversight over business spending is even more important as firms operationalize distributed and remote labor models. Even in a volatile economy, investor and customer confidence in Mesh affirms that our financial automation technology is what businesses desire to assist them to get through a cost-cutting scenario.
Mesh’s insight-driven automation technology, which gives finance managers greater granular control and leverage over their corporate spending, renders old corporate cards obsolete. The industry’s only numberless physical VISA card that syncs with virtual cards for more flexibility and control, as well as other models to innovations like SaaS subscription management, are key differentiators that appeal to busy finance teams. By introducing innovation and automation to every aspect of finance operations, Mesh continues to upend the CFO tech stack and free up finance teams to manage daily financial operations better.
According to Rick Gerson, co-founder chairman and chief investment officer of Alpha Wave Global, Mesh Payment delivers exceptional value to its customers with strategic partnerships and a best-in-class finance automation platform.
“The best CFOs are looking to get the most out of every dollar and hour, particularly during economic turbulence. The number of businesses looking for new and better ways to spend less and save more is quite large, and the Mesh team brings a best-in-class solution that is constantly improving. Mesh Payments represents the innovative, customer-focused company we look for, giving customers a clear and lasting benefit.”
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