Mesh Payments Racks Up $50m to Help Corporate Users Manage Spend and Payments

Mesh Payments, which provides a platform for companies to oversee and manage employees’ expenses, and for employees themselves to better track and manage how and where they spend money, has raised $50 million. It plans to use the funding to continue expanding the functionality of its platform, as well as for further business development. It’s been on a growth boom in the last nine months, growing tenfold in that period, it said.

The round, a Series B, is being led by the very prolific Tiger Global, with participation also from Entrée Capital and Falcon Edge Capital, as well as past backers TLV Partners and Meron Capital. Mesh Payments — founded in Israel and now headquartered in New York — had previously raised $13 million, and it is not disclosing valuation.