Acquisition
Jan 2023Mendel 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
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
Offices
Blvd. Miguel de Cervantes Saavedra 161 – Floor 6, Granada, Miguel Hidalgo, 11520 Mexico City, CDMX, Mexico
Campos Eliseos number 403, 6th floor, Mexico City, Mexico
Toltecas 166, Carola, San Pedro de los Pinos, Álvaro Obregón, Ciudad de México, Mexico
Business model
B2B SaaS
enterprise software
fintech
corporate card issuance/interchange
bill-pay / payments take-rate
Funding
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
People & investors
Leadership
Co-Founder, Co-CEO
Co-Founder, Co-CEO
CFO & Country Manager
Chairman
Sales & Marketing Director
Work & culture
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
Hybrid work cadence
Learning and development opportunities
Growth from within / internal promotion
Competitive compensation and benefits
Collaborative international team
Product & market
Pricing
Enterprise SaaS fees plus card/interchange revenue and a take rate from bill-pay products.
Differentiators
- —One platform for cards, expenses, reimbursements, travel, and invoice recovery
- —AI-assisted automation and real-time policy enforcement
- —Native ERP and accounting integrations
- —Latin America-focused product and compliance design
- —Software-first revenue model rather than pure lending/interchange
- —Corporate travel added as an integrated module
Technology
React
React Native
Java
Spring Boot
Kubernetes
Docker
Terraform
AWS
REST APIs
SFTP
MongoDB
MySQL
Redis
Elasticsearch
SAP
Oracle
NetSuite
GitHub Actions
Bitbucket
Power BI
Customers
Mercado Libre
FEMSA
McDonald's
Arcos Dorados
KPMG
Adecco
Merck
Smile Pill
Grupo OMER
Grupo Pavisa
Mercedes-Benz
Suzuki
Oxxo
Farmacias San Pablo
The Home Depot
Competitors
Ramp
Clara
Jeeves
Brex
Navan
Emburse
SAP Concur
Scale & contact
Signals & risks
Latest news
El 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.
Jobs and careers at Mendel
0 jobs at Mendel
No open positions
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