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Category: expense management

YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B

Mexico City-based Mendel has raised $35 million in a Series B round of funding, it tells TechCrunch exclusively. Corporate spend management platform Mendel last raised in December 2021 — a $15 million Series A round and $20 million in debt — after participating in Y Combinator’s Winter 2021 cohort. With this latest capital infusion, the…

Vertice raises $50M for its AI-powered SaaS spend platform

London startup Vertice has made a name for itself over the years in the very crowded world of expense management with a focus on applying AI to optimize a single area where businesses, collectively, are currently sinking hundreds of billions of dollars in IT budgets that are exceeding $5 trillion annually: software and cloud spend.…

Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B

Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob…

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