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
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Financiera Cr Capital, S.A.P.I. De C.V., Sofom E.N.R.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$63 M (USD)
in 6 rounds
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Latest Funding Round
$35 M (USD), Series B
Mar 27, 2025
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Investors
Victory Park Capital Advisors
& 18 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Mendel
Mendel offers a comprehensive portfolio of products and services, including Expense Management, Mendel Cards, Invoice Recovery, Travel Solutions, and Refunds.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
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Venture capital fund investing in early-stage tech startups
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Early-stage investments in B2B fintech are facilitated by Infinity Ventures.
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Investor details for Mendel
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Investments & Acquisitions by Mendel
Mendel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Te Facturo.
Investment portfolio details for Mendel
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Financial services are provided to businesses in Mexico.
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Locked | Locked | 2021 | Locked |
Complete acquisition details for Mendel
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Financial Statements - Mendel
Detailed financials for Mendel
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Mendel Comparisons
Peer comparison for Mendel
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Spend management and accounts payable solutions are delivered to businesses.
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SaaS-driven credit card and spend management solutions platform for businesses
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A platform for virtual credit cards and spend management is provided by Extend for businesses.
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Business credit lines are offered via an online platform.
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Personal Assistant for Expense Management
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Provider of payment processing solutions and virtual corporate cards for businesses
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Detailed competitors of Mendel
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Latest news on Mendel
Complete news archive for Mendel
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Frequently Asked Questions about Mendel
Mendel was founded in 2021.
Mendel is headquartered in Mexico City, Mexico.
Mendel is a funded company, having raised a total of $63M across 6 funding rounds to date.
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.
Mendel offers Expense Management, Mendel Cards, Invoice Recovery, Travel Solutions, and Refunds.
Mendel has made 1 acquisition, including Te Facturo.
Mendel has 19 investors. Key investors include Victory Park Capital Advisors, Broadhaven Capital Partners, Base10 Partners, PayPal Ventures, and Infinity Ventures.