Mesh Payments Funding, Investors & Competitors

MercadoLibre runs the largest e-commerce marketplace in Latin America, with about 150 million active users and more than 600 million active listings across 18 countries stitching into its commerce network or fintech solutions when last reported. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

Ramp is a San Francisco-headquartered spend management platform that issues corporate cards, automates expense tracking, handles bill payments, and streamlines vendor management alongside travel booking and accounting reconciliation. It integrates directly with systems like NetSuite, QuickBooks, Sage Intacct, and Workday for real-time transaction syncing across 190 countries and multiple currencies. The service enforces spend policies through controls and approvals while automating invoice coding and month-end closes for finance teams worldwide.

Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. Its suite of modern payment solutions helps customers manage vehicle-related expenses, lodging expenses, and corporate payments. Its reportable segments are; Vehicle Payments, Corporate Payments, Lodging Payments, and Other. The group's geographic areas are the United States, Brazil, the United Kingdom, and Other.

JD Digits is a Beijing-based fintech arm of JD.com providing supply chain finance, consumer loans, insurance, payment gateways, and securities brokerage. The platform connects over 500,000 SMEs with funding exceeding 200 billion RMB annually through AI-driven risk assessment.

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 San Mateo-headquartered fintech platform automating accounts payable for global businesses. The solution handles supplier onboarding, tax compliance, invoice processing, and multi-currency payments in over 200 countries. Founded in 2010, Tipalti serves digital brands like AppLovin and Airbnb, reducing manual workloads through integrations with ERP systems like NetSuite.

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 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 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.

Razorpay is a Bangalore-headquartered payments gateway enabling Indian businesses to process transactions via UPI, cards, net banking, and wallets like Paytm. Founded in 2014, it supports subscriptions, international payouts, and invoicing for merchants on platforms like Shopify and WooCommerce.

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.

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.

Rapyd is a London-headquartered fintech-as-a-service platform that allows businesses to embed payment acceptance, payouts, card issuing, foreign exchange, and business wallet capabilities into their products through a single API. Founded in 2016, the company operates a global network spanning more than 100 countries and connects local payment methods including cards, bank transfers, e-wallets, and cash. Rapyd has scaled rapidly through acquisitions of Valitor, Korta, and Neat, and serves marketplaces, e-commerce companies, gig economy platforms, and financial institutions that need cross-border payment infrastructure without building it in-house.

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.

Grab Financial Group is the fintech arm of Grab offering payments, lending, insurance, and rewards across Southeast Asia. Headquartered in Singapore, it provides GrabPay digital wallet for in-store purchases, peer-to-peer transfers, and merchant POS systems. Since 2016, it serves 25 million monthly users in eight countries including Indonesia, Malaysia, and Thailand with microloans via GrabFinance and policies through GrabInsure.

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.

Clip is a Mexico City-headquartered digital payments and commerce platform that provides card readers, point-of-sale systems, and integrated financial services to small and medium-sized businesses across Mexico. Founded in 2012 by Adolfo Babatz, the company became Mexico's first payments unicorn in 2021 following a $250 million investment led by SoftBank Latin America Fund and Viking Global Investors, and counts General Atlantic, Ribbit Capital, Goldman Sachs, Banorte, and Amex Ventures among its backers. Its product range spans portable mPOS terminals (including Clip Mini, Clip Pro, and Clip Ultra), card-not-present payment acceptance, inventory and e-commerce software, and merchant financial services delivered under an Institution of Electronic Payment Funds (IFPE) license. Clip employs more than 900 people across offices in Mexico City, Guadalajara, Salt Lake City, Miami, and Buenos Aires.

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.

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.