← Embedded Finance Index 2026

Mesh Payments

“Can a corporate spend management and T&E platform build a global intelligent orchestration layer that makes expense management fully invisible for multinational enterprises?”

Founded2018
HQNew York, NY, USA
FoundersOded Zehavi
Total raised$135M+
Latest roundSeries C, September 2022
IndustryHorizontal SaaS / Spend Management
The story

Founded in 2018 in Israel as a corporate payment and spend management platform, Mesh Payments relocated its HQ to New York and expanded rapidly through 2021-2022 on the wave of SMB/mid-market spend automation demand. The platform evolved from a basic corporate card tool into an intelligent Travel & Expense orchestration layer for global enterprises, adding AI-driven auto-coding, policy enforcement, and month-end close automation. International expansion via Nium (Australia) and Adyen (Europe/UK) reflects a deliberate shift from US-centric SMB spend management to a global enterprise T&E platform competing with TripActions/Navan and SAP Concur.

Last 12 months
2026-02
Product timeline
2018
Founded in Israel by Oded Zehavi (PayPal/Payoneer veteran) with mission to automate corporate payment management for finance teams.· pivot
2021
Raised $50M Series B led by Tiger Global; platform serves 1,000+ customers including Monday.com, Hippo Insurance, Riskified, and Snyk.· banking
2022
Raised $60M Series C; revenue run rate tripled in H1 2022; annualized TPV approaching $1 billion.· banking
2024
Launched MeshPay AU Pty Ltd as authorised representative of Nium for Australian market; expanded to QuickBooks and accounting integrations.· pivot
2026
Announced strategic partnership with Adyen to scale European and UK operations with local currency card issuance for multinational enterprises.· card
Regulated entities
1
regulatory licence held by Mesh Payments
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Mesh Payments’s embedded-finance stack
Payments / PSP
Checkout.comAdyenNium
Banking / BaaS
in the full report
Card issuing
in the full report
Unified APIs
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
9 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.