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Mendel
Empodera a tus colaboradores mientras mantienes las finanzas corporativas bajo control.
Mendel
Empodera a tus colaboradores mientras mantienes las finanzas corporativas bajo control.
TL;DR
Product: Corporate spend/expense management platform combining software with physical and virtual corporate cards
Market: Large enterprises in Latin America
Latest funding: Series B $35M (Mar 2025) led by Base10 Partners
Total reported capital: $60M equity raised; $50M credit facility (as of Mar 2025)
Founded / HQ: Founded early 2021; Mexico City
Company Overview
Problem Domain
Corporate spend and expense management for Latin American enterprises
Founded
2021
Industry
Financial technology (corporate spend/expense management)
Funding Track Record
$15M equity (+ $20M debt financing)
Round comprised of $15M equity and a $20M debt package
$35M
Participants listed include PayPal Ventures, Endeavor Catalyst, Infinity Ventures, Industry Ventures, Hi Ventures, Better Tomorrow Ventures, Y Combinator, and Magma Partners
Investor Signal
“Backed by institutional venture investors including Base10 Partners (Series B lead), PayPal Ventures, Endeavor Catalyst, Infinity Ventures, ALLVP, Industry Ventures, Hi Ventures, Better Tomorrow Ventures, Y Combinator, and Magma Partners”
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