Mendel is a corporate spend management solution for enterprises in Latin America.
Mendel’s mission is to reinvent corporate expense management by automating most of the operations for a corporate CFO that are currently done manually.
Mendel was founded in 2021 by Alan Karpovsky and Alejandro Zecler. The company is headquartered in Mexico City, Mexico.
Mendel's software gives finance teams a way to manage card transactions in real time, set granular spend rules and track spending from a central dashboard.
Mendel's roadmap will go beyond expense management to include accounts payable automation, employee cash advance and factoring.
Mendel has onboarded more than 150 clients (such as Mercado Libre, PetCo and Telcel) in the first months since it launched in early 2021.
Mendel has secured $35M Series in debt and equity funding on Dec 02, 2021. The equity round was co-led by ALLVP and Infinity Ventures, with participation from Better Tomorrow Ventures, Broadhaven Magma Partners, Airbase & and CEO Thejo Kote, Auth0 co-founder & CTO Matias Woloski, and others.