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Mesh Payments in Partnership With SoFi Bank

Arrangement aims to streamline enterprise expense management and reduce inefficiencies >>

Written by:

Harvey Chipkin

Published on:

December 19, 2024
A sleek logo on a black background featuring the word "MESH" in bold white uppercase letters, alongside a modern, gradient geometric symbol. The symbol is composed of overlapping zigzag shapes transitioning from green to blue, symbolizing connectivity and innovation. Subtle diagonal lines enhance the background for a dynamic effect.

Mesh Payments, a travel and expense management provider, announced a partnership with SoFi Bank as its sponsor bank. SoFi’s Galileo Financial Technologies will become Mesh Payments’ longtime payments processor.

This partnership, according to the announcement, integrates Mesh Payments’ expense and card infrastructure with SoFi Bank’s scalable financial framework and Galileo’s API-based payments processing platform. By uniting these capabilities within a single ecosystem, said the announcement, Mesh Payments is positioned to streamline enterprise expense management, reduce inefficiencies and deliver innovative solutions to its clients more quickly.

Oded Zehavi, CEO of Mesh Payments, said both SoFi and Galileo share the vision with his company of “delivering the most modern and innovative financial solutions for businesses.” Benefits of the partnership, according to the announcement, include accelerated product development, regulatory expertise and operational efficiency.

Mesh Payments, according to the company, supports midmarket businesses and processes more than $1 billion in annual payment volume. The company provides customers with a platform that integrates virtual and physical corporate cards, automated expense tracking and travel management. By offering centralized visibility and automating processes, according to the company, Mesh Payments helps enterprises reduce delays, minimize errors and maintain compliance, ensuring seamless financial operations across teams.

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