Mesh Payments has raised $50 million to assist businesses in managing their spending and payments

Mesh Payments has received $50 million to create a platform for corporations to control and manage their employees’ costs and enable individuals to track better and manage how and where they spend money. It intends to use the funds to expand the platform’s features and grow its business. According to the company, it has had a tenfold increase in the last nine months.

Tiger Global is leading the round, which is a Series B, with participation from Entrée Capital and Falcon Edge Capital and previous backers TLV Partners and Meron Capital. Mesh Payments, which started in Israel but is now based in New York, has raised $13 million and is not disclosing its valuation.

Mesh’s capabilities currently include travel spending, spend cards, and other forms of spend management, but the company’s name may be the most intriguing component of how it works.

“We start with the notion that there is different context to different kinds of spend. The process for a trip versus software differs, so we started building models for these unique cases,”

Oded Zehavi, co-founder and CEO of Mesh Payments
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