Mendel acquired Te Facturo to strengthen automated invoice/CFDi recovery and expand its expense-compliance workflow.
SourceWorkflows to empower employees to spend while finance stay in control
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Mendel is a Mexico City-based corporate spend management and financial-operations platform for Latin American enterprises, combining corporate cards, expense control, invoice recovery, reimbursements, travel management, AI automation, and ERP integrations.
Primary product
Corporate spend management platform with corporate cards, expense automation, invoice recovery, and travel management
Founded
2021
Headquarters
Blvd. Miguel de Cervantes Saavedra 161 – Floor 6, Granada, Miguel Hidalgo, 11520 Mexico City, CDMX, Mexico
Team size
100-150
Work style
Hybrid
Industry
Software Development
Sub-industry
Corporate spend management / fintech SaaS
0 jobs at Mendel
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Offices
Business model
Stage
Series B
Total raised
$130.6M
Latest round
Series B · Mar 2025
Latest amount
$35M
Mar 2025 · Base10 Partners
Nov 2022 · Industry Ventures, Infinity Ventures, and Victory Park Capital
Dec 2021 · ALLVP and Infinity Ventures
Leadership
Co-Founder, Co-CEO
Co-Founder, Co-CEO
CFO & Country Manager
Chairman
Sales & Marketing Director
Investors
Public company content emphasizes a product-led, customer-focused, AI-first culture that values collaboration, speed, learning, and operational ownership across finance, product, and engineering.
Work style
Hybrid
Compensation
No public salary bands were found. Public culture/careers content highlights competitive compensation and benefits, plus hybrid work and growth opportunities.
Benefits
Pricing
Enterprise SaaS fees plus card/interchange revenue and a take rate from bill-pay products.
Differentiators
Technology
Customers
Competitors
Mendel acquired Te Facturo to strengthen automated invoice/CFDi recovery and expand its expense-compliance workflow.
SourceEl Financiero · Mar 2026
Covers the launch of Mendel Viajes in partnership with Visa, expanding the product into corporate travel management.
TechCrunch · Mar 2025
Announced a $35M Series B led by Base10 Partners; said total equity funding had reached $60M and debt facilities $50M at that time.
Mendel · Sep 2024
Official post noting Mendel ranked #1 in LinkedIn Top Startups 2024 in Mexico.
Mendel · Jan 2023
Official announcement of Te Facturo acquisition to strengthen automatic invoice recovery and CFDi validation.
LatamList · Nov 2022
Reported a $60M equity and debt financing round led by Industry Ventures, Infinity Ventures, and Victory Park Capital.