UNIPaaS, a payments solution provider for digital marketplaces and B2B SaaS companies, has announced that it has finalised its initial external fundraising round, led by TPY Capital. Global fintech leaders also participated, including Sarah Friar (CEO of NextDoor); Eric Sager (COO of Plaid); Sam Hodges, CEO of Vouch Insurance and formerly President of Funding Circle; and prolific product leader and angel investor Gokul Rajaram.
UNIPaaS intends to use the funds to build out its solution for multi-vendor businesses and offer their own payment experience to manage and control funds, and leverage payments and financial services to generate new growth engines.
“We are transforming how businesses integrate and handle payments,” said David Avgi, CEO and Co-founder of UNIPaaS. “The experience gained in over twenty years in the payments industry, has led the UNIPaaS team to tackle what we believe is one of the most acute issues facing B2B platforms, especially multi-vendor ones. Digital marketplaces and B2B platforms wish to own their payment experience without the burden of developing additional tech stacks and operations or deal with regulation and licensing. We have designed an embedded payment stack, built from the ground up to facilitate complex multi-vendor models. Our solution gives platforms the ability to offer seamless user experience, complete control and transparency, realtime insights and the strategic value of generating new growth engines by offering additional financial services.”
Mesh Payments, a startup that is transforming the way corporate payments are processed, paid and managed, has also announced that it has raised a $13 million financing round, led by TLV Partners, with participation from Meron Capital, RSquared Ventures, an angel fund founded by industry pioneers Roy Rubin and Roy Erez, and a consortium of fintech founders and investors led by fintech VC Ryan Gilbert. The funding will be used to expand the company’s sales and marketing efforts, as well as accelerate the establishment of strategic partnerships with leading management platforms to seamlessly integrate with companies’ corporate financial workflows
Mesh Payments brings corporate payments into the 21st century by embedding a cardless payments solution into the day-to-day organisational flow of a company, integrating into existing organisational systems. Mesh enables full control and real-time visibility for corporate finance teams and streamlines payment activities across multiple department processes (IT, HR, Marketing, etc.) enabling organisations to better manage their corporate payments and ensure that SaaS subscriptions are never the cause of business disruption.
“Since the onset of Covid-19 and the overnight explosion in remote work, there has been exponential growth of financial executives searching for a more effective way to orchestrate their corporate spending,” said Oded Zehavi, CEO and Co-Founder of Mesh Payments. “Over the last few months, we have seen a 20x spike in our business. Unlike other services which position themselves as a next-gen corporate credit card, we view the challenge as a corporate payment problem and not a corporate card problem. This has impacted how we built our solution and we believe that the simplicity and security our solution offers perfectly positions Mesh to continue capturing larger pieces of the corporate payments market.”
