Funding aims to enhance API development and global adoption.
Mesh Raises $82M to Scale Crypto Payment Solutions
Crypto payments network Mesh has raised $82 million in a Series B funding round to expand its global presence and advance its API offerings. The funding will support Mesh’s goal of enabling seamless crypto transactions for users while ensuring merchants can settle payments in their preferred stablecoin.
Global Reach and Industry Partnerships
Its payment technology is already available to over 400 million users in 100+ countries, thanks to partnerships with MetaMask, Shift4, and Revolut. CEO Bam Azizi emphasized that Mesh is building the first truly global crypto payments network, making digital asset transactions as frictionless as traditional fiat payments.
SmartFunding Technology Redefines Crypto Transactions
Mesh’s proprietary SmartFunding technology eliminates the need for users to manually convert assets before making payments. This innovation ensures smoother transactions by bridging the gap between crypto holders and merchant settlement preferences.
Major Investors Back Crypto Payment Expansion
Paradigm led the Series B round, reinforcing confidence in Mesh’s vision. “We think crypto and stablecoins will be an enormous transformation to payments,” said Paradigm General Partner Charlie Noyes. He highlighted how Mesh simplifies crypto payments while leveraging blockchain’s advantages.
PayPal Ventures and Stablecoin-Powered Funding
PayPal Ventures also invested in Mesh, with a significant portion of the funding settled using PayPal USD (PYUSD). The company noted that using stablecoins for venture capital funding allows for instant, low-cost, and transparent transactions, showcasing the growing utility of digital assets in financial markets.
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