Crypto News

Mesh Secures $82 Million in Series B Funding to Propel Global Crypto Payments Network

March 13, 2025
Smart Money

Mesh Raises $82 Million in Series B Funding to Expand Crypto Payments Network

March 11, 2024 – Mesh, a leading crypto payments network, has successfully raised $82 million in a Series B funding round aimed at accelerating product development and enhancing its application programming interfaces (APIs). This funding will allow Mesh to expand its supportive infrastructure, which is already accessible to over 400 million users across more than 100 countries through strategic partnerships with companies like MetaMask, Shift4, and Revolut.

Advancing Global Crypto Payments

In a press release issued on Tuesday, Mesh’s CEO and Co-founder Bam Azizi highlighted the significance of the funding. "With this funding, we’re expanding the first truly global crypto payments network," he stated. "Our platform allows users to pay with any cryptocurrency they hold while enabling merchants to settle in their preferred stablecoin, just as they do with fiat currency today."

Mesh’s technology leverages its proprietary SmartFunding technology, which simplifies the payment process for users and merchants alike. This innovative approach removes the need for users to convert their assets before making transactions, ensuring frictionless exchanges that benefit both parties.

Led By Paradigm

The latest funding round was spearheaded by Paradigm, a prominent investment firm in the cryptocurrency space. General Partner Charlie Noyes expressed enthusiasm for the potential of crypto to revolutionize payment systems. “We think crypto and stablecoins will be an enormous transformation to payments,” he said. “Mesh makes paying with crypto as simple as using a credit card for users and merchants while preserving the benefits of transacting over blockchain rails.”

Recent Funding History

This $82 million funding round follows a successful Series A round in September 2023, where Mesh raised $22 million. At that time, the company outlined its goals to expand into new markets and enhance its embedded finance platform.

In an earlier funding initiative in January 2024, Mesh announced an investment from PayPal Ventures, predominantly facilitated through PayPal’s own stablecoin, PayPal USD. Amman Bhasin, a partner at PayPal Ventures, praised Mesh’s innovative approach, asserting that the company is a "clear leader in this dynamic landscape."

The Advantages of Using Stablecoins

In the recent funding announcement, Mesh revealed that a significant portion of the $82 million raised was conducted using PayPal USD. According to the company, “PYUSD was leveraged to close funding instantly and Mesh’s technology was used to transfer the assets securely.” The integration of stablecoins for venture capital funding brings several advantages, including instant transactions, low costs, enhanced transparency, and availability around the clock.

As Mesh continues to grow its presence within the crypto payments landscape, its focus remains on facilitating user-friendly transactions while ensuring that merchants benefit from stablecoin settlements.

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Keywords: Crypto payments, Cryptocurrency, Digital assets, Funding, Investments, Mesh, Paradigm, Stablecoins, PayPal, News.