Mesh Payments Raises $60M

Mesh Payments, a New York-based provider of an insight-driven finance automation platform, raised $60M in funding.

The round was led by Alpha Wave with participation from Tiger Global, TLV Partners, Entreé Capital, and Meron Capital.

The company intends to use the funds to expand its going-to-market efforts and further accelerate product innovation.

Led by CEO Oded Zehavi, Mesh Payments provides a finance automation platform that brings efficiencies and innovation to the entire CFO tech stack by helping finance teams automate, control, and optimize their corporate spend — from travel and expense (T&E) to SaaS subscriptions. Earlier this year, Mesh announced a strategic partnership with global payroll provider Papaya Global to remove friction from employee expense management. The company is set to announce additional strategic partnerships with global payments infrastructure providers in the near future.

1,000+ companies and close to $1B annualized payment volume (TPV) flow through the platform. Mesh currently powers some of the world’s fastest-growing brands, including, Hippo Insurance, Sezzle, Riskified, and Snyk.