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Based on the city of Mexico Mendel In the financing tour, a row collected $ 35 million, it only says TechCrunch.
Corporate Spending Platform Mendel The last removed In December 2021 – a number of $ 15 million in a number of $ 20 million debt – Y Combinator’s winter in the winter of 2021 in the winter. With this latest capital infusion, a loan and $ 50 million worth $ 50 million worth $ 50 million in capital.
Mendel’s mission is true: reset the corporate spending management by automating most of the transactions for a manual entity. Or put more things, all want to be a window to spend the B2B. Its proposal combines cost management, payments and corporate trips.
“Our goal is to give real-time viewing groups, expenses or businesses in Latin America in Latin America, seller payments or business travel bookings or business travel bookings or business travel bookings or business travel bookings,” said Co-CEO and co-founder ” Karpovski.
Karpovski and Alejandro Zecler (previously sold earlier starting and other beginnes) were started in early 2021, Mendel, Helena Polyblank (CPO) and Gonzalo Castiglione (CTO) later joined as co-founders.
Mendel decreased to reduce the evaluation that reflects only the round “significant step” of the society’s previous rise. The company also refused to detect hard revenue figures, but only repeated income (ARR) with Karpovsky (ARR) has increased by almost 2.5x since 2.5x and the total edges have increased by more than 75%.
“We are not profitable yet, but we are engaged in profit by the end of 2025,” he said.
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SAP Concur meets amex
The company says, “It is a program first” and since the exchange is losing to the exchange or credit-based models, it is able to pay a recurrent SaAs fee. Rights from income, expenditures and travel vehicles and credit cards are a combination of SAAAS fee (more than 50%) to obtain a bill payment product.
Karpovski believes that the company’s latam focus, other global players “complex, domestic rules”, for example, tax codes, invoice requirements and multi-currency work flows, multiple currency work flows.
“We must say, ‘Mendel is like SAP consent and a child of Amex’ Karpovski whipped.
As for the comparison of the New York-based deckor LandingOf course, in many ways, “Mendel is a few different foreign currency, multiple currencies, multiple currencies, multi-currencies and deep ERP integration in Mendel.
At present, Mendel has 80 employees compared to 64 employees a year ago. The company, which looked forward, plans to expand to geographically. Mercado and Argentina operates together with about 500 clients, including Mercado Libre, Fems, Adecco and McDonald’s. In 2025, Chile, Colombia and Peru, expand to Brazil in 2026 and Brazil.
“Our approach from the zero of the day is Karpovski for the first time by connecting the biggest Spanish-speaking market in the labe before the start of geo-expansion.
Base10 partner Jason Kong, the company’s “unique position” was attracted to what seems to be involved in the “unique position”, not involved in the spending platform for large companies – but the growing Latin American.
“The company’s high capital efficiency – Cash streaming in December 2024 – was positive in a sector in which many players competed with the unified economy,” Kong said. “In addition, the Mendel’s SAP consent replaces the inheritance solutions and the speed of rapid sales (Sub-3 months for 3,000+ workers), demonstrated clean product market compatibility.” In Latin America includes other companies operating in this space Executioner and Liver – Another YC Alum – but both more rely on more SMBs and surgery.
