Mesh, a leading crypto payments network, has secured $82 million in a Series B funding round led by Paradigm. With participation from major investors, the funding aims to expand Mesh’s global reach, particularly in stablecoin-powered payments.

Mesh’s Vision for Crypto Payments Expansion

Bringing seamless crypto payments to merchants worldwide

Mesh is building a decentralized payment ecosystem that allows users to pay with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) while merchants receive payments in stablecoins like PayPal USD (PYUSD).

Key highlights of Mesh’s expansion:

• Global crypto payment adoption with seamless stablecoin settlements.
• Instant payment conversion into supported stablecoins.
• Increased merchant accessibility to digital currency transactions.

“Stablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards, and Mesh is now first in line to scale that vision across the world,” said Bam Azizi, CEO and co-founder of Mesh.

Strong Backing from Leading Investors

$82M in new funding pushes Mesh’s total raise to $120M

The Series B round attracted top-tier investors, including:

• Paradigm (lead investor)
• Consensys
• QuantumLight Capital
• Yolo Investments

A notable aspect of the investment round was its settlement in PayPal USD (PYUSD), reflecting growing adoption of stablecoins for institutional transactions.

Key Partnerships and Ecosystem Growth

Mesh is strengthening its position in the crypto payments industry

Since its founding in 2020, Mesh has expanded its ecosystem through strategic partnerships with major platforms, including:

• MetaMask
• Shift4
• Revolut
• CoinDCX (India-based exchange)
• Conio (crypto wallet)
• Paribu (Turkey-based platform)

These collaborations enhance Mesh’s network connectivity, enabling seamless crypto transactions across hundreds of exchanges, wallets, and financial services providers.

The Future of Stablecoin-Powered Transactions

Stablecoins are redefining digital payments

Mesh’s mission aligns with the broader shift toward stablecoin-based payments, offering:

• Faster transaction settlements
• Greater transparency and security
• 24/7 accessibility for merchants and users