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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
“Our goal is to give CFOs and finance teams in Latin America real-time visibility and control over their spend — be it employee expenses, vendor payments, or business travel bookings,” said co-CEO and co-founder Alan Karpovsky. Karpovsky believes that the company’s LatAm focus gives it an advantage over other global players in that it’s able to address “complex, country-specific regulations” such as tax codes, invoicing requirements, and multi-currency workflows, among other things. Base10 Partner Jason Kong told TechCrunch that his firm was attracted to what it viewed as Mendel’s “unique positioning” as a spend management platform for large companies in underserved — but growing — Latin America.
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