Mesh, a Pioneering Global Crypto Payments Network, Secures $82M in Funding to Expand Its Infrastructure

Mesh, a pioneering global crypto payments network established in 2020, has announced securing $82 million in funding to expand its global crypto payments infrastructure.

Crypto payments startup Mesh announced today, March 10, securing $82 million in Series B funding led by Paradigm to expand its global crypto payments network. The round also saw participation from ConsenSys, QuantumLight Capital, and Yolo Investments.

Announcing our $82M Series B, led by @paradigm ! Excited to scale the first global crypto payments network, enabling seamless & secure digital asset payments & conversions.

Thank you to our investors, partners & team for making this milestone possible!… pic.twitter.com.com/D8x7QaTyYW

— Mesh (@meshconnectapi) March 11, 2025

Mesh is a pioneering U.S. fintech startup that launched in 2020 and connects major crypto exchanges, wallets, and financial institutions onto a single network.

Its network allows users to transact using various crypto assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), while merchants receive the value in stablecoins, such as PayPal’s PYUSD or USDC, for predictable settlements.

As the use of stablecoins in global crypto payments is becoming more prominent, the startup disclosed that a significant portion of the Series B funding was settled using PayPal’s (NASDAQ:PYPL) backed USD stablecoin (PYUSD).

Earlier this year, PayPal announced investing in Mesh in an undisclosed round as the payments giant expands its presence in the crypto space.

Among the startup’s other backers includes FTX parent company Digital Currency Group, which invested in Mesh’s seed round in 2021. Other seed investors included Point72 Ventures, Seven Seven Six, and Unico.

What does Mesh do?

Mesh is a startup that is focused on making it easier for people and businesses to pay and get paid in crypto. It connects major crypto exchanges, wallets, and financial institutions onto a single network. This allows users to transact using various crypto assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Its technology aims to simplify the crypto payment process, with the goal of making it as seamless as paying with fiat currency.

Its mission is to create a world where digital asset transactions are as simple and efficient as possible. The company is focused on expanding its payment infrastructure and integrating more financial institutions.

It is also working to facilitate broader stablecoin settlements as part of its effort to facilitate the use of cryptocurrencies in everyday payments.