Mesh Raises $82M to Build the Future of Crypto Payments

The biggest obstacle to global crypto adoption isn’t regulation or volatility – it’s the inability to easily pay for everyday goods and services with digital assets. Mesh is solving this with infrastructure that makes crypto payments as simple and universal as using a credit card.

Our partners and investors agree, seeing the same multi-trillion-dollar market opportunity that we do. With our latest $82 million Series B funding, we are taking a major step toward scaling the first truly global crypto payments network.

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The round, led by Paradigm, with participation from Consensys, QuantumLight Capital, Yolo Investments, and others, brings our total funding over $120 million. The capital sets us up to aggressively scale our infrastructure, expand our partnerships, build new ones, and continue driving stablecoin adoption as the default settlement method for digital transactions.

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What makes this fundraise historic is how it was done. Most of the investment was settled using PayPal USD (PYUSD) stablecoin. Why? Because, just like Mesh’s technology, stablecoin funding is better than the old way of doing things. Traditional wire transfers come with delays, fees, and banking restrictions, while stablecoins offer instant, 24/7, borderless, and transparent settlement. We used our technology to facilitate the transaction, demonstrating firsthand the power of what we’re building.

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The shift toward stablecoin payments is already well underway. Mesh is simply the connection layer to take stablecoin payments mainstream. In 2024 alone, stablecoins processed $27.6 trillion in transaction volume, surpassing the scale of Visa’s and MasterCard’s combined 2024 volume.

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As stablecoin adoption accelerates, the missing piece has always been infrastructure that seamlessly connects users, merchants, and payment providers. That’s where Mesh comes in.

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Our proprietary SmartFunding technology removes the biggest friction point in crypto payments – converting user-held assets into stablecoins at the point of transaction. Users can pay with any crypto they hold, while merchants settle in PYUSD, USDC, or USDT without requiring anyone to take additional steps. The experience brings about the simplicity of using fiat while preserving all of the benefits of a blockchain transaction.

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Mesh already powers crypto payments, deposits, and transfers across 300+ wallets, exchanges, and platforms, reaching 400 million users in over 100 countries. The new funds will supercharge the expansion of our API infrastructure, accelerate our merchant and PSP integrations, and deepen our network of exchange and wallet connections.

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As we look ahead, the opportunity is massive. The global online payments market is projected to reach $17 trillion by 2027. Even capturing 10% of that market through "pay with crypto" solutions represents a $1.7 trillion opportunity. Crypto payments are finally catching up to their potential, and Mesh is positioned to become the backbone of this new financial system.

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The future is digital, open, and frictionless payments using stablecoins, and we are leading the charge.