Mesh Payments has secured $60 million in additional capital

Ten months after its previous fundraising, financial management firm Mesh Payments has secured $60 million in additional capital.

Mesh Payments, founded in Israel with headquarters in New York, is dedicated to assisting businesses in managing their spending through automation.

Following a rise in November 2021, its revenue run rate tripled in the first half of 2022. Over a thousand customers use the company’s platform now, and its annualised payment volume (TPV) is close to $1 billion.

Through its product, Mesh wants to assist its customers in automating their spending and obtaining real-time spending insights. It offers corporate cards, just like its rivals.

Additionally, it provides a corporate card with no number, which the author characterises as “the only numberless VISA physical cards in the business with the flexibility, control, and security of virtual cards.”

Additionally, it enables deeper integration into organisational systems that can introduce insights going beyond only those derived from payment transactions themselves. The business assists clients in budgeting for everything from SaaS subscriptions to travel and expense (T&E).

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