Mendel – gaining traction as one of the most comprehensive spend management platforms for large LATAM enterprises – has closed a $35m Series B round led by Base10 Partners with participation from PayPal Ventures and support from existing investors Infinity Ventures, Industry Ventures.<\/p>\n\n\n\n
Hi.vc. Endeavor Catalyst is also investing.<\/p>\n\n\n\n
Alan Karpovsky, Co-Founder & Co-CEO, Mendel, said: \u201cThis round allows us to scale our AI capabilities and continue transforming how companies manage payments, expenses, and travel – helping them operate more efficiently while reducing costs and complexity.”<\/p>\n\n\n\n
Mendel has already secured a dominant market position in Mexico and Argentina, serving leading enterprises such as Mercado Libre, FEMSA and McDonald\u2019s. With this new capital, the company will extend operations into Chile, Colombia and Peru in 2025 – with Brazil targeted for 2026.<\/p>\n\n\n\n
Investment will also be made in technology, AI and talent acquisition.<\/p>\n\n\n\n
Jason Kong, Partner, Base10 Partners, said: \u201cMendel is revolutionizing corporate spend management in Latin America by delivering an enterprise-grade, AI-first platform that eliminates inefficiencies and modernizes the financial stack for businesses.\u201d<\/p>\n\n\n\n
Ian Cox, Partner, PayPal Ventures, said: \u201cLatin America is one of the most dynamic fintech markets in the world, yet enterprise spend management remains underserved. Mendel\u2019s combination of software-first pricing, deep localization and AI-driven automation makes them uniquely positioned to lead this space.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Mendel – gaining traction as one of the most comprehensive spend management platforms for large LATAM enterprises – has closed a $35m Series B round led by Base10 Partners with participation from PayPal Ventures and support from existing investors Infinity Ventures, Industry Ventures. Hi.vc. Endeavor Catalyst is also investing. Alan Karpovsky, Co-Founder & Co-CEO, Mendel, […]<\/p>\n","protected":false},"author":58,"featured_media":16868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4674,2237,3,5234],"tags":[99,414,5235,2697],"class_list":["post-16867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-latam","category-top-stories","category-workforce-management","tag-ai","tag-latam","tag-mendel","tag-workforce-management"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/16867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=16867"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/16867\/revisions"}],"predecessor-version":[{"id":16869,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/16867\/revisions\/16869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/16868"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=16867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=16867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=16867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}