The payments and business expenses management platform Mesh Payments announced Tuesday it raised $50 million in a Series B round, led by Tiger Global Management along with Entrée Capital, Falcon Edge Capital and existing investors TLV Partners and Meron Capital.
With this latest round, the company has raised a total of $63 million. Mesh stated it has enjoyed tenfold growth over the past nine months since it announced its previous round. Mesh Payments was founded in 2018 by CEO Oded Zehavi, a former senior executive at Payoneer and PayPal, and CTO Eran Katoni. The company has 60 employees, 50 of them in Israel and the rest in New York, however, with this latest fundraising, Mesh Payments is expected to recruit dozens more.