Mesh Payments, a New York-based insight-driven finance automation platform, announced $60 million in Series C funding, bringing the total amount raised to $123 million.
Alpha Wave leads the equity round with participation from existing investors, including Tiger Global, TLV Partners, Entreé Capital, and Meron Capital.
The funding will enable Mesh to expand its GTM efforts and further accelerate product innovation as it captures a growing share of the $100T+ B2B payments market.
Earlier this year, Mesh announced a strategic partnership with global payroll provider Papaya Global to remove friction from employee expense management.
Company: Mesh Payments, Inc.
Raises: $60.0M
Round: Series C
Funding Month: September 2022
Lead Investors: Alpha Wave
Additional Investors: Tiger Global, TLV Partners, Entreé Capital, and Meron Capital
Company Website: https://meshpayments.com/
Software Category: Finance Management
About the Company: Mesh Payments provides a fully automated and unified financial management platform by providing a tailored solution for every payment with full visibility, control, and insights—all in one place. Mesh Payments adds efficiencies and innovation to the entire CFO tech stack, allowing businesses to respond more quickly to changing market conditions. The 1,000 mid-market companies that use Mesh Payments today are 5X more efficient in aggregate, saving their finance teams three days per month on average. Monday.com, Hippo Insurance, Sezzle, Riskified, and Snyk are among the world's fastest-growing brands powered by Mesh. Its mission is to give finance managers unprecedented visibility by providing them with the tools they need to optimize and control all of their corporate payments.
Source: https://meshpayments.com/press/mesh-payments-announces-60-million-in-new-funding/