Mendel, a Mexico City, Mexico-based provider of an enterprise spend management platform, raised $35M in Series B funding.
The round was led by Base10 Partners with participation from PayPal Ventures, and existing investors Infinity Ventures, Industry Ventures, Hi.vc and Endeavor Catalyst.
The company intends to use the funds to accelerate:
- Technology and AI development.
- Geographic expansion.
- Talent Acquisition.
Mendel provides a platform for corporate expense management in Latin America. By integrating expense management, payments, and corporate travel, the company helps finance teams control budgets in real time, from setting rules to tracking expenses and travel bookings.
It is used by enterprises like Mercado Libre, McDonald’s, and FEMSA.
FinSMEs
27/03/2025