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Crypto payments firm Mesh has raised additional funding from PayPal Ventures, Coinbase Ventures, and others.
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Total capital raised now exceeds $130 million.
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The firm powers PayPal’s “Pay with Crypto” service.
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Mesh’s infrastructure connects with major exchanges for seamless payments.
Fresh Capital from Major Backers
Mesh, a crypto payments infrastructure company, announced new funding from investors including PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, and Kingsway Capital. While the exact round size wasn’t disclosed, the raise pushes Mesh’s total funding to over $130 million.
Powering PayPal’s Crypto Push
Founded in 2020, Mesh helps businesses integrate crypto payments directly into their apps. Its “SmartFunding orchestration engine” solves the mismatch between the asset a customer wants to pay with and the asset a merchant wants to receive, enabling instant settlement in stablecoins or fiat.
Mesh’s infrastructure is integrated with Coinbase, Binance, ByBit, and OKX, reaching hundreds of millions of users worldwide.
Plans for Expansion
The company plans to use the new funds to enhance product development, expand its API offerings, and support more crypto and payments platforms. CEO Bam Azizi said the goal is to create a truly global payments network, similar in impact to Visa or Mastercard.
