About Mendel
Mendel is a company based in Mexico City (Mexico) founded in 2021 by Alejandro Zecler, Gonzalo Castiglione, Helena Polyblank, and Alan Karpovsky.. Mendel has raised $63 million across 6 funding rounds from investors including Victory Park Capital Advisors, Broadhaven Capital Partners and Base10 Partners. Mendel has completed 1 acquisition, including Te Facturo. Mendel offers products and services including Expense Management, Mendel Cards, Invoice Recovery, Travel Solutions, and Refunds. Mendel operates in a competitive market with competitors including Ramp, Brex, Extend, Capital On Tap and AppZen, among others.
- Headquarter Mexico City, Mexico
- Founders Alejandro Zecler, Gonzalo Castiglione, Helena Polyblank, Alan Karpovsky
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Financiera Cr Capital, S.A.P.I. De C.V., Sofom E.N.R.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$63 M (USD)
in 6 rounds
-
Latest Funding Round
$35 M (USD), Series B
Mar 27, 2025
-
Investors
Victory Park Capital Advisors
& 18 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Mendel
Mendel offers a comprehensive portfolio of products and services, including Expense Management, Mendel Cards, Invoice Recovery, Travel Solutions, and Refunds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time corporate expense tracking and automation.
Smart cards for controlled spending and fraud prevention.
Service for validating and recovering invoices via photo.
Tools for managing corporate travel expenses efficiently.
System for approving and distributing employee refunds.
Funding Insights of Mendel
Mendel has successfully raised a total of $63M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $35.0M
-
First Round
First Round
(22 Jul 2021)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - Mendel | Valuation | Base10 Partners | |
| Nov, 2022 | Amount | Debt – Conventional - Mendel | Valuation |
investors |
|
| Nov, 2022 | Amount | Series A - Mendel | Valuation | Industry Ventures , Victory Park Capital Advisors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mendel
Mendel has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Victory Park Capital Advisors, Broadhaven Capital Partners and Base10 Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage tech startups
|
Founded Year | Domain | Location | |
|
Early-stage investments in B2B fintech are facilitated by Infinity Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Mendel
Mendel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Te Facturo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Financial services are provided to businesses in Mexico.
|
2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Mendel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mendel Comparisons
Competitors of Mendel
Mendel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Extend, Capital On Tap and AppZen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
|
|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
|
|
| domain | founded_year | HQ Location |
A platform for virtual credit cards and spend management is provided by Extend for businesses.
|
|
| domain | founded_year | HQ Location |
Business credit lines are offered via an online platform.
|
|
| domain | founded_year | HQ Location |
Personal Assistant for Expense Management
|
|
| domain | founded_year | HQ Location |
Provider of payment processing solutions and virtual corporate cards for businesses
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mendel
Frequently Asked Questions about Mendel
When was Mendel founded?
Mendel was founded in 2021.
Where is Mendel located?
Mendel is headquartered in Mexico City, Mexico.
Is Mendel a funded company?
Mendel is a funded company, having raised a total of $63M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50M, raised on Jul 22, 2021.
What does Mendel do?
Mendel was founded in 2021 and is headquartered in Mexico City, Mexico. Expense analysis and management solutions are offered to businesses in the fintech sector. Services include budget tracking, payment processing, corporate credit card oversight, and invoice recovery mechanisms. Operations focus on streamlining financial workflows for corporate clients across various industries.
What products or services does Mendel offer?
Mendel offers Expense Management, Mendel Cards, Invoice Recovery, Travel Solutions, and Refunds.
How many acquisitions has Mendel made?
Mendel has made 1 acquisition, including Te Facturo.
Who are Mendel's investors?
Mendel has 19 investors. Key investors include Victory Park Capital Advisors, Broadhaven Capital Partners, Base10 Partners, PayPal Ventures, and Infinity Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.