🚨 PAYPAL, COINBASE VENTURES BACK CRYPTO PAYMENTS FIRM MESH
Mesh, a leading crypto payments infrastructure company, has announced additional funding that brings its total capital raised to $130 million. Key investors in this latest extension round include PayPal Ventures, Coinbase Ventures, Japan’s SBI Investment, crypto exchanges Uphold and Bybit (via Mariana Ventures), and others. A significant portion of the funding was made via PayPal’s PYUSD stablecoin, showcasing Mesh’s on-chain crypto transfer capabilities.
🔑 Key Points
🔹 Robust Funding and Strategic Backers: Following an $82 million Series B round earlier in the year, Mesh has attracted continued support from major players such as PayPal and Coinbase Ventures, underscoring broad confidence in its infrastructure vision.
🔹 Comprehensive Crypto Payment Infrastructure: Mesh connects hundreds of wallets, exchanges, and payment platforms to enable seamless deposits, transfers, and retail crypto payments with instant stablecoin settlements, minimizing volatility risk for merchants.
🔹 Integrated with Major Platforms: Mesh powers PayPal’s “Pay with Crypto” feature and integrates with wallets like MetaMask, Coinbase Wallet, and exchanges including Binance, Bybit, OKX, and Uphold, facilitating a broad ecosystem reach.
🔹 Innovative Payment Solutions: Mesh’s SmartFunding engine intelligently converts assets chosen by customers into stablecoins preferred by merchants, solving liquidity and asset fragmentation issues in crypto commerce.
🔹 Global Expansion with Compliance-by-Design: Mesh emphasizes regulatory compliance baked into its platform, accelerating time-to-market for enterprises while building trust with regulators worldwide. It has also added Apple Pay support for crypto checkout.
💡 Why It Matters
🔹 Transforming Crypto Payments: Mesh is pioneering an open, connected, and secure infrastructure layer that enables enterprises to embed crypto payments and transfers directly within their apps, reducing friction and costs associated with traditional payment rails.
🔹 Driving Mainstream Adoption: With backing from industry giants and integration into major financial platforms, Mesh is positioned to bring crypto commerce to the mainstream, making digital asset transactions as easy and reliable as conventional payments.
🔹 Fostering Innovation and Growth: New capital will fuel product development, API expansion, and integrations with hundreds of crypto and payment ecosystems, preparing Mesh for scaling its impactful role in the evolving global payments landscape.
Mesh’s growing investor base and ecosystem partnerships indicate strong momentum, helping bridge crypto with conventional finance and setting new standards in seamless digital payments.
https://www.ledgerinsights.com/paypal-coinbase-ventures-back-crypto-payments-firm-mesh