Mesh Funds, the finance automation platform for firms, has raised $60 million in a Sequence C funding spherical led by Alpha Wave.
Mesh guarantees to make legacy company playing cards out of date with its insight-driven automation platform that provides finance managers extra granular management over their spend.
The platform helps finance groups automate, management, and optimise their company spend — from journey and expense to SaaS subscriptions, and presents the trade’s solely numberless Visa bodily card that syncs with digital playing cards.
Mesh claims that the 1000 mid-market firms utilizing its instruments save their finance groups, on common, three day a month.
The funding will probably be used for product innovation and to push progress that has already seen revenues triple within the first half of the 12 months, with near $1 billion annualised cost quantity flowing via the Mesh platform.
Oded Zehavi, CEO, Mesh, says: “Since day one, Mesh has centered on giving CFOs the automation and insights they should extra successfully handle their day-to-day operations. And as firms operationalize distributed and distant workforce fashions, holistic visibility over firm spend is much more essential.
“The boldness in Mesh from buyers and clients, even in a turbulent market, reinforces that our finance automation platform is what firms need to assist them navigate a cost-cutting setting.”