Mesh, a leading global crypto payments network, has successfully raised $82 million in a Series B funding round to fuel the development of its innovative crypto payment technology and expand its network capabilities.
Already serving over 400 million users in more than 100 countries through key partnerships with platforms like MetaMask, Shift4, and Revolut, Mesh’s solution allows users to make payments with any cryptocurrency, while merchants can receive payments in their preferred stablecoin—eliminating the need for manual conversion. This capability is powered by Mesh’s proprietary SmartFunding technology, which reduces friction between users and merchants, offering a more seamless payment experience.
Key Highlights:
- Global Reach: Mesh’s technology is accessible to more than 400 million users across 100+ countries, with key partners like MetaMask, Shift4, and Revolut.
- SmartFunding Technology: Mesh’s proprietary solution enables seamless payments, allowing users to pay with any crypto and merchants to settle in stablecoins.
- Led by Paradigm: The Series B funding round was spearheaded by Paradigm, signaling strong investor confidence.
- PayPal USD Involvement: Most of the funds in the Series B round were settled with PayPal’s stablecoin, PayPal USD (PYUSD), highlighting the growing role of stablecoins in venture funding.
This infusion of capital positions Mesh to further expand its global crypto payments network, making transactions as simple and efficient as traditional credit card payments.