Mendel, a leading enterprise spend management platform in Latin America, has raised $35 million in Series B led by Base10 Partners, with participation from PayPal Ventures and other investors, to expand its AI-driven solutions. The company plans to use the funds to enhance its AI capabilities, extend its operations into new Latin American markets, and grow its team to support product development and expansion. Positioned at the forefront of financial automation, Mendel integrates expense management, payments, and corporate travel into a seamless platform, addressing the growing demand for real-time financial visibility and efficiency.
Mendel Raises $35M Series B to Expand AI-Powered Enterprise Spend & Travel Management in Latin America
