US-based fintech company Mesh Payments has announced the expansion of its unified spend management platform across Europe, the UK, and Asia to support global businesses.
The platform aims to allow enterprises to globally operate across international entities, issue local cards, and settle in local currencies, all from one unified platform.
Mesh Payments said that the global expansion follows the company’s three-fold growth in the first half of 2023 and new product capabilities.
The offerings are expected to support companies save money and boost the productivity of finance teams as well as competitive customer wins across technology and financial services sectors.
Founded in 2018, Mesh Payments modernise the operation of finance teams with a centralised and automated spend platform.
The firm claims to bolster finance managers with a whole new level of visibility over their whole business spend to help them streamline and control their corporate payments.
Mesh Payments co-founder and CEO Oded Zehavi said: “Managing spend for remote workforces and global operations can be complex, but Mesh offers a unified platform for global enterprises to handle local operations in local currency at scale.
“Mesh Payments is thrilled to help businesses increase their finance efficiency and solve the pain points of global spend.”
The platform’s unified dashboards are said to summarise activity across all entities and automatically sync all details of transactions to the associated general ledger.
Besides, Mesh Payments enables to manage spend by provisioning cards in local currency, including European Union (EU) countries, the UK, Singapore, and Hong Kong with embedded policy enforcement.
Furthermore, the platform facilitates reimbursements of entities from local bank accounts for employees in local currency.
