Crypto payments network Mesh has successfully closed an $82 million Series B funding round, with venture capital firm Paradigm leading the investment. The funding brings the decentralized payment platform’s total capital raised to $120 million as it looks to expand its global reach and enhance stablecoin adoption.
Funding Round and Key Investors
In its latest press release, Mesh confirmed that Paradigm spearheaded the funding round, attracting contributions from notable investors, including Consensys, QuantumLight Capital, and Yolo Investments. The investment signals growing institutional confidence in Mesh’s vision of revolutionizing crypto payments and stablecoin settlements.
Mesh’s Vision for Crypto Payments
Mesh aims to enable merchants worldwide to accept cryptocurrency payments seamlessly, with an emphasis on stablecoin settlements. The company’s solution allows users to pay with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), while merchants receive funds in stablecoins like PayPal USD (PYUSD). This system ensures faster transactions, reduced volatility risks, and greater efficiency in digital commerce.
“Stablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards, and Mesh is now first in line to scale that vision across the world,” said Bam Azizi, CEO and co-founder of Mesh.
Mesh’s Expanding Ecosystem and Global Reach
Founded in 2020, Mesh has quickly built a robust infrastructure that connects hundreds of exchanges, wallets, and financial service providers. The company has secured key partnerships with industry players such as MetaMask, Shift4, and Revolut.
Additionally, Mesh has expanded its presence internationally, forming partnerships with:
- CoinCDX, an India-based crypto exchange.
- Conio, a crypto wallet provider.
- Paribu, a leading crypto platform in Turkey.
PayPal USD Plays a Major Role in Funding Round
In a significant development, a substantial portion of the Series B funding was settled in PayPal USD (PYUSD), PayPal’s dollar-pegged stablecoin issued by Paxos. This choice highlights the growing utility of stablecoins in venture capital financing, offering instant settlement, enhanced transparency, and 24/7 operational support.
Notably, PayPal had previously backed Mesh in January 2024 through a PYUSD investment, further strengthening Mesh’s ties with the traditional financial sector.
Looking Ahead: Scaling Stablecoin Adoption
With its fresh capital injection, Mesh plans to scale its payments network globally, driving mainstream adoption of crypto payments and stablecoins. The company aims to make digital asset transactions more accessible and efficient for both merchants and consumers, reinforcing its position at the forefront of next-generation financial infrastructure.
As stablecoins continue to reshape the payments landscape, Mesh’s latest funding round marks a pivotal step toward bridging the gap between traditional finance and decentralized payments.
