Mesh, a leading crypto payments network, has raised $82 million in Series B funding, bringing its total funding to over $120 million. The round was led by Paradigm, with support from Consensys, QuantumLight Capital, and others. Most of the funds were settled using PayPal USD (PYUSD) stablecoin, showing the power of instant and transparent crypto transactions.
Mesh partners with major companies like MetaMask and Revolut, enabling over 400 million users to make seamless payments. With this funding, Mesh aims to expand its technology, making it easier for people to pay with crypto while merchants receive stablecoins securely.
What is Mesh?
Mesh is a crypto payments network that enables seamless digital asset transactions by allowing users to pay with cryptocurrencies while merchants receive stablecoins. It connects exchanges, wallets, and financial services platforms, making crypto payments easy and accessible.
With its SmartFunding technology, Mesh automatically converts cryptocurrencies like Bitcoin, Ethereum, or Solana into stablecoins such as PYUSD or USDC, ensuring smooth transactions without manual conversions. The company has partnered with major platforms like MetaMask, Shift4, and Revolut, reaching over 400 million users in 100+ countries.
Backed by investors like PayPal Ventures and Paradigm, Mesh is building the first global crypto payments network, making digital payments as simple as traditional banking methods.
Why is This Funding Significant?
This $82 million Series B funding strengthens Mesh’s position as a leader in crypto payments and helps drive the adoption of stablecoins in mainstream finance. The funding round was unique as most investments were settled using PayPal USD (PYUSD) stablecoin, proving that stablecoins can be a fast, cheap, and transparent alternative to traditional funding methods.
With this investment, Mesh can expand its technology, improve its APIs, and enhance its global reach, enabling seamless crypto transactions for over 400 million users. It also reinforces the belief that stablecoins will revolutionize digital payments, just like credit and debit cards did.
How Will the Funds Be Used?
The $82 million funding will be used to expand Mesh’s technology and global reach in the crypto payments industry. The company plans to accelerate product development and enhance its APIs, making it easier for businesses to integrate Mesh’s payment solutions. These improvements will help more users and merchants seamlessly transact with cryptocurrencies and stablecoins.
Additionally, the funds will support Mesh’s mission to build the first truly global crypto payments network, allowing users to pay with any crypto while merchants receive stablecoins of their choice. This investment will also help Mesh scale its partnerships with MetaMask, Shift4, Revolut, and others.
Founders’ Perspective
Mesh’s founders see this funding as a major step toward transforming global payments through stablecoins and crypto transactions. Bam Azizi, CEO and Co-Founder of Mesh, believes that stablecoins are the biggest opportunity to disrupt payments since credit and debit cards.
This funding strengthens Mesh’s goal of making crypto payments mainstream, providing users with faster, cheaper, and more efficient transactions.
Key Takeaways
- Major Funding Boost – Mesh raised $82 million in Series B funding, bringing its total funding to over $120 million.
- Stablecoin-Powered Investment – Most of the funding was settled using PayPal USD (PYUSD) stablecoin, highlighting the efficiency of crypto transactions.
- Global Expansion Plans – The funds will be used to enhance APIs, develop new products, and expand partnerships with platforms like MetaMask, Shift4, and Revolut.
- Revolutionizing Payments – Mesh’s SmartFunding technology allows users to pay with any crypto, while merchants receive stablecoins seamlessly.
- Founder’s Vision – CEO Bam Azizi believes stablecoins are the biggest opportunity since credit and debit cards, aiming to build the first global crypto payments network.
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Conclusion
Mesh’s $82 million funding marks a major step toward transforming global payments with stablecoins and crypto transactions. With strong investor backing, the company plans to expand its APIs, enhance product development, and strengthen global partnerships. By leveraging its SmartFunding technology, Mesh aims to make crypto payments as seamless as traditional banking, ensuring widespread adoption.
As stablecoins continue to gain momentum, Mesh is well-positioned to lead the shift toward a borderless, instant, and cost-effective payments ecosystem. With a growing market and innovative solutions, Mesh is set to redefine digital finance and drive the future of global transactions.
Stay Ahead in Digital Finance – Follow Mesh’s journey as it reshapes global payments with stablecoins.
