Mesh, a leading crypto payments network, announced additional investments from PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures (venture partner for ByBit), SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures, bringing total capital funding to more than $130 million. This funding positions the company to accelerate its impact on the global payments industry.
Mesh’s technology powers PayPal’s Pay with Crypto service, enabling users to pay with over 100 wallets and cryptocurrencies, and allowing merchants to access a $3 trillion crypto market. Most transactions settle instantly with the PayPal USD (PYUSD) stablecoin, showcasing the speed and security of stablecoins for global payments.
With integrations across major exchanges like Coinbase, Binance, and OKX, Mesh reaches hundreds of millions of users and plans to further expand in the payments sector. Its SmartFunding engine removes friction by letting users pay with any digital asset, while merchants receive settlement in their preferred currency, addressing mismatches and ensuring smooth transactions. As demand for stablecoins grows, Mesh is unlocking greater liquidity and utility for both consumers and merchants.
KEY QUOTES:
“Mesh is uniquely positioned to enable broad usability by streamlining access to wallets and exchanges and orchestrating real-time asset conversion to stablecoins, powering payments, funding and settlement with zero operational friction. We’re building a bridge between users and merchants with a payments experience that people actually want, creating a world where anyone can pay with any asset, anytime.”
Bam Azizi, CEO and Co-Founder of Mesh
“As crypto goes mainstream, Mesh is building the infrastructure layer that enables enterprises to embed crypto payments, transfers, and commerce experiences directly into their apps. We’re strengthening our commitment because Mesh has shown they can deliver the security, compliance, and scalability that enterprises demand. We’re proud to back this outstanding team and pleased to be working with them in support of their vision for global crypto payments.”
Amman Bhasin, Partner, PayPal Ventures
