Automation platform Mesh Payments raises $60 mn in VC funding

Mesh Payments, a finance automation platform, has raised $60 million in new financing, led by Alpha Wave. There was participation from existing investors, including Tiger Global, TLV Partners, Entree Capital, and Meron Capital.
VC funding for techMesh Payments has raised $123 million till date.

Mesh will use the funding to expand its GTM efforts and accelerate product innovation as it captures a growing share of the $100T+ B2B payments market.

Mesh’s insight-driven automation platform gives finance managers more granular control and leverage over their corporate spend.

Some of the top brands powered by Mesh include Monday.com, Hippo Insurance, Sezzle, Riskified, and Snyk.

Earlier this year, Mesh announced a partnership with global payroll provider Papaya Global to remove friction from employee expense management. Mesh is set to announce additional strategic partnerships with global payments infrastructure providers.