“Companies are looking for solutions like ours that help them save money”

“Mesh helps medium- and small-sized companies to manage and gain greater visibility over their expenses,” Oded Zehavi, CEO of Mesh Payments, a fintech platform told CTech’s Yafit Ovadia in an interview at Calcalist and LeumiTech’s Mind the Tech New York 2021 conference in Manhattan on Tuesday. “Companies don’t like giving out company-issued credit cards, but on the other hand they have large expenses. That’s where we come into the picture. We’re most concerned about gaining oversight and enforcing transparency in real-time. This will become the future of the corporate world.”

Mesh Payments has been selected as one of the most promising Israeli companies according to Qumra Capital. This year, for the third year in a row, Qumra published its list of the most promising growth companies in Israeli high-tech, naming those who are on the path to becoming the next big thing.

“Companies use credit cards which are created for people like us, who are private consumers, and not individual large organizations. However, the corporate world still has needs, too,” he said. “Companies are looking for solutions like ours to help them save money.”

You can watch the full interview in Hebrew in the video above.

Mesh

Field: Fintech

Founded: 2018

Founders: Oded Zehavi and Eran Katoni

Number of employees: 40

Raised: $13 million

Investors: TLV Partners, Meron Capital

Small and medium-sized businesses monitor every part of their business, but when it comes to business expenses, they still depend on outdated solutions like business credit cards. Mesh enables payments without business credit cards while integrating into the organization's existing financial systems. The company allows full real-time control for the financial management teams over payments made by the organization's many departments (human resources, marketing, and more).

Many organizations are highly dependent on the company card, which can disrupt business activity if the card is stolen, lost, or simply expired. As part of the growth in transition to SaaS and cloud services, small and medium-sized companies use an average of about 40 SaaS tools a year to run their business, many of which are significant to the company's day-to-day operations. Some organizations find it difficult to monitor the expenses and use of these services. Mesh offers solutions that allow you to better manage business payments and ensure that SaaS subscribers will never be the cause of business disruption, as well as prevent the collection of unapproved payments, and cancel within seconds payment for services that are not needed.