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Mesh secured new funding from PayPal Ventures and Coinbase Ventures, with total financing exceeding 130 million USD.
PANews, August 14 - According to The Block, Mesh announced that it has secured a new round of investment from PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, and others, with total funding exceeding $130 million. A portion of the new funds is settled in PayPal USD (PYUSD) stablecoin, and Mesh's technology supports instant transfers. Mesh provides crypto payment infrastructure for businesses, supporting users to pay with over a hundred crypto assets, and merchants can settle instantly in stablecoins or fiat. The company plans to use the new funds to expand its products and APIs to serve more payment platforms.