Crypto payment network Mesh collected $ 82 million in a series B financing round to accelerate the development of products and the expansion of its application programming interfaces (API).
Company technology is already available for more than 400 million users in more than 100 countries thanks to its partnerships with Metamasque,, Shift4 And RevoltSaid Mesh in a Tuesday, March 11) press release.
“With this funding, we expand the first network of truly global crypto payments – the one that allows users to pay with any crypto they hold while guaranteeing that traders can settle in the stablecoin of their choice, just as they do with Fiat today”, CEO and co -founder of Mesh ” Bam Azizi said in the press release.
According to the press release, Mesh de Mesh, which feeds its payment solution, provides this capacity by eliminating the friction between user assets and the requirements for settling traders, according to the press release. It does it without obliging users to manually convert their assets in advance.
The last financing round of the company was led by paradigm, according to the press release.
“We believe that crypto and stablecoins will be a huge transformation into payments”, ” Paradigm General partner Charlie Noyes said in the press release. “Mesh makes payment with Crypto as simple as using a credit card for users and merchants while preserving the benefits of blockchain rails transaction.”
Mesh raised $ 22 million in a series of funding from the A series in September 2023, saying that it was aimed at developing in new markets while it was strengthening its integrated financing platform.
In January 2024, the company said that Paypal Ventures invested in it and that the financing was carried out almost entirely with PaypalStablecoine Intere, Paypal USD.
Amman BhasinPartner of Paypal Ventures, said at the time in a press release that Mesh’s innovative technology makes it “a clear leader in this dynamic landscape”.
In its press release on Tuesday, Mesh said that most of the $ 82 million in investment in its latest financing cycle had been settled with Paypal USD.
“Pyusd was used to close the funding instantly and Mesh technology was used to transfer assets safe,” the statement said. “The advantages of the use of stablecoins for the financing of VC are that it is instant, inexpensive, transparent and available 24/7.”
