Mesh Payments Funding, Investors & Competitors

MercadoLibre is a publicly listed e-commerce and financial technology company founded in Buenos Aires in 1999 by Marcos Galperin. It operates an online marketplace, the Mercado Pago payments and credit business, the Mercado Envios logistics network and an advertising unit across eighteen Latin American countries. The company is incorporated in Delaware, trades on the Nasdaq under the symbol MELI and has its headquarters in Montevideo, Uruguay. It reported revenues of 28.9 billion dollars for 2025 and operating income of 3.2 billion dollars, with about 123,670 employees. Its commerce and fintech services reached 131 million unique buyers over the twelve months to the second quarter of 2026. The company has grown through acquisitions of classifieds portals, logistics and payments businesses and through minority investments made partly through its corporate venture fund.

Ramp is a US financial operations company that sells corporate charge cards together with software for expense management, accounts payable and bill payment, procurement, travel booking, business banking and automated bookkeeping. Ramp Business Corporation was founded in March 2019 by Eric Glyman, Karim Atiyeh and Gene Lee and is headquartered at 28 West 23rd Street in New York City, with further offices in Miami and San Francisco. It earns most of its revenue from interchange on card spend, alongside subscription fees for its paid Ramp Plus software tier. Its customers range from startups and mid-sized companies to large enterprises, school districts and non-profits; the company says more than 85,000 businesses use it and that it powers over $275 billion in purchases a year. Ramp passed $2 billion in annualized revenue in 2026 with positive cash flow, and in October 2026 it raised $1.85 billion in a round led by Dragoneer Investment Group at a $60 billion valuation. It has grown partly through acquisitions, including Buyer, Cohere.io, Venue, the Jolt AI team, the Stockholm payments firm Billhop and the guest travel platform Juno, and in 2026 it began serving companies headquartered in the UK and EU directly.

Corpay is a publicly listed corporate-payments company founded in 1998 and headquartered in the Atlanta metropolitan area. It provides vehicle payments, fuel cards, lodging payments, accounts-payable tools and cross-border payment services to companies and public-sector customers. Businesses use its networks and software to control employee and fleet spending, make supplier payments and manage foreign-exchange exposure. Corpay earns transaction, processing, spread and service revenue across these products. The company was formerly known as FLEETCOR Technologies and trades on the New York Stock Exchange under CPAY. In February 2025 it announced the acquisition of Brazilian driver-payments application Gringo and later reported acquiring all of the company for approximately USD 153.7 million net of cash. Corpay funded the purchase through its controlled Brazilian vehicle-payments structure and reports Gringo in the Vehicle Payments segment.

JD Digits is a Beijing digital-technology company serving financial institutions, merchants, enterprises and public-sector organizations. Its products cover supply-chain and consumer finance, payments, insurance, asset management, risk analytics, smart-city systems and blockchain infrastructure, using data and artificial intelligence to digitize financial and commercial operations.

Airwallex is a Melbourne-headquartered global payments platform processing cross-border transactions in 60+ currencies for businesses worldwide. The company offers multi-currency accounts, FX hedging, virtual cards, and embedded finance APIs integrated by platforms like Shopify and Stripe. Airwallex serves 100,000+ companies including Brex and McLaren, with $50 billion annual payment volume. Valued at $5.5 billion after 2022 funding, it operates in 20 offices across Asia, Europe, and North America.

Tipalti is a finance automation software company headquartered in Foster City, California, with a large development centre in Israel. Its cloud platform automates accounts payable and global payables, covering supplier onboarding and management, tax compliance, invoice processing, purchase-order matching, procurement, expenses and mass payments to suppliers and partners in more than 200 countries and many currencies, and it has added AI agents for finance teams. Tipalti serves mid-market and enterprise finance departments, particularly fast-growing digital businesses, and more than 5,000 companies use it, including Calm, Udemy, AG1 and AppLovin. The company surpassed $200 million in annual recurring revenue in 2025 and earns subscription and payment fees. It raised equity from investors including Wicklow Capital, Group 11, Zeev Ventures, 01 Advisors, Durable Capital Partners and G Squared, reaching an $8.3 billion valuation in a $270 million Series F in December 2021, and took $200 million of growth financing from Hercules Capital in September 2025. Tipalti was founded in 2010 and is led by co-founder and chief executive Chen Amit.

Razorpay is an Indian financial technology company headquartered in Bengaluru, founded in 2014 by Harshil Mathur and Shashank Kumar. It provides a payment gateway and a wider set of business banking services, including payouts, a line of credit for merchants and payroll, to online and offline businesses. The company says it serves more than 8 million businesses and took part in the Y Combinator accelerator. Its funding rounds were led or joined by Sequoia Capital India, Tiger Global, Lone Pine Capital, TCV, GIC and Ribbit Capital, and a December 2021 round valued it at 7.5 billion US dollars. Razorpay has bought a series of smaller companies, among them Thirdwatch, Opfin, TERA Finlabs, Curlec, Ezetap and PoshVine, and it invests in startups through Razorpay Ventures.

Edenred is a France-listed prepaid corporate services provider operating in 45 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas, such as prepaid fuel cards and payment and expense management systems. Edenred is also moving beyond its historical services, adding “beyond” services such as well-being, gift, EV, toll, and business-to-business accounts payable automation services.

WEX Inc is a commerce platform that provides seamlessly embedded, personalized payments solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Its prime end market is the United States of America.

Pleo is a Copenhagen-headquartered spend management platform founded in 2015 for European businesses. The app automates expense tracking, reporting, and approvals for teams, integrating with accounting software like Xero and QuickBooks. Available in multiple countries including the UK, Germany, and France, Pleo issues corporate cards and handles reimbursements for SMBs.

BILL Holdings Inc is a provider of software-as-a-service, cloud-based payments and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers or customers to do business, eliminate expense reports, manage cash flows and improve back office efficiency. Initial Public Offering and Follow-on Offering.

Rapyd is a payments and financial technology company that sells a single set of programming interfaces for accepting payments, sending payouts, issuing cards and holding multi-currency accounts. It was founded by Arik Shtilman, Arkady Karpman and Omer Priel, has offices in London and Tel Aviv, and describes itself as supporting hundreds of local payment methods across more than a hundred countries. Customers include online marketplaces, gig economy platforms, e-commerce merchants, trading platforms and financial institutions. The company raised about 960 million dollars in venture rounds by 2021 and announced a 500 million dollar raise at a 4.5 billion dollar valuation in March 2025 to finance its 610 million dollar purchase of PayU's global payment organisation. Earlier it bought Korta and Valitor in Iceland and the Hong Kong business Neat, and it runs Rapyd Ventures, a corporate venture arm. Its chief executive has said the combined group expects about 1.1 billion dollars of revenue in 2025.

Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers through a Software-as-a-Service (SaaS), secure, omni-channel technology platform. The platform integrates with a biller's financial and operational systems to provide secure and flexible processing of payments, including credit cards, debit cards, eChecks, and digital wallets, across multiple channels such as online, mobile, IVR, call centers, chatbots, and voice-based assistants. The company generates the majority of its revenue from payment transaction fees processed through its platform. Geographically, it derives the maximum revenue from the United States.

Grab Financial Group is the financial services arm of the Southeast Asian super app Grab, launched in 2018. It offers digital payments, consumer and merchant lending, insurance and wealth products to the users, driver-partners and merchants of the Grab ecosystem. The unit aims to give underbanked consumers and small businesses simple and affordable financial products across Southeast Asia. In January 2021 it raised more than 300 million US dollars in a Series A round led by Hanwha Asset Management at a reported valuation of 3 billion US dollars. The parent company, Grab Holdings, is listed in the United States and reports financial services as one of its operating segments.

Remote is a San Francisco-headquartered global HR platform enabling companies to hire 70,000+ international contractors compliantly. The service automates payroll in 170 countries, managing taxes and benefits through integrations with Stripe and Deel alternatives. Clients include OpenAI and Revolut for remote teams in Latin America and Eastern Europe. Launched in 2020, Remote processes 100 million dollars in monthly payments.

Flywire Corp provides a secure payment platform, offering its clients a streamlined process to receive reconciled domestic and international payments more cost-effectively and efficiently. The company's solutions are built on three core elements, namely a payments platform, a proprietary payment network, and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

Clip is a Mexican payments company that supplies card readers and point-of-sale services to small and medium-sized merchants. Merchants accept debit and credit cards on a smartphone or terminal and pay a processing fee on each sale, with instalment options through partner banks. The company has added merchant lending, bill payment and airtime sales, and says payments account for more than 85 percent of its business. It was founded by Adolfo Babatz and Vilash Poovala, both former PayPal employees, and is headquartered in Mexico City. Investors include SoftBank, Viking Global, General Atlantic and American Express Ventures. A USD 250 million round in June 2021 valued it near USD 2 billion, and a USD 500 million round was reported in June 2026 at a valuation above USD 2.5 billion.

Jeeves is a New York-headquartered global financial platform providing corporate cards, bill payments, expense management, and AI-driven accounting automation. Launched in 2019, it supports businesses in Brazil, Colombia, North America, and EMEA with tools for multi-currency transactions, serving clients like H&M, Burger King, and Nubank.