Crypto payments infrastructure start-up Mesh has successfully closed an $82 million Series B funding round, attracting investments from leading industry players, including Yolo Investments, MetaMask parent company Consensys, and QuantumLight Capital, the investment fund of Revolut CEO Nik Storonsky.
This latest round brings Mesh’s total funding to over $120 million, following a $6.5 million stablecoin-based investment from PayPal Ventures in February 2024. The US-based company is also backed by Galaxy Ventures and MoneyForward, reinforcing its position as a key player in the digital payments sector.
Mesh’s Growth Strategy and API Expansion
Mesh plans to leverage the fresh capital to accelerate product development and expand its suite of crypto payments APIs. These APIs currently power digital asset transactions for major partners, including MetaMask, Shift4, and Revolut, collectively serving a global user base of 400 million across 100+ countries.
By providing seamless crypto-to-stablecoin conversions, Mesh is enhancing the adoption of digital assets for everyday transactions. The company’s SmartFunding technology automates transactions, enabling users to make payments using Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other digital assets, with settlements available in stablecoins such as PYUSD, UST, and USDC.
A Vision for a Global Crypto Payments Network
With this new funding, Mesh is set to scale its mission of creating the first truly global crypto payments network. The platform enables users to pay merchants using any cryptocurrency they own, while businesses can seamlessly settle transactions in the stablecoin of their choice, mirroring traditional fiat transactions.
“With this funding, we’re expanding the first truly global crypto payments network – one that allows users to pay with any crypto they hold while ensuring merchants can settle in the stablecoin of their choice, just like they do with fiat today,” said Bam Azizi, CEO and co-founder of Mesh.
The Future of Crypto Payments
Mesh’s scalable payment solutions and API integrations place it at the forefront of the growing digital payments ecosystem. As crypto adoption accelerates worldwide, the company is positioned to bridge the gap between decentralized finance and mainstream financial infrastructure.
With strong backing from prominent investors and increasing industry demand for secure, efficient, and user-friendly digital payments, Mesh’s expansion could significantly shape the future of crypto transactions for both individuals and businesses worldwide.
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