Nikolas Sargeant
Mesh, a crypto payments network, has secured $82 million in Series B funding to scale its blockchain-based settlement infrastructure worldwide, with most investments settled in PayPal's PYUSD stablecoin.
Building the Bridge Between Crypto Wallets and Merchant Solutions
Mesh operates an innovative payments network connecting cryptocurrency wallets with exchanges and payment providers. This infrastructure enables merchants to accept various cryptocurrencies while receiving settlement in stablecoins of their choice. The platform supports payments in major digital assets including Bitcoin, Ethereum, and Solana, with merchant settlements available in stablecoins like USDC, PYUSD, and RLUSD.
Stablecoins have emerged as a transformative force in the crypto ecosystem, reaching approximately $200 billion in market capitalization. Their dollar-pegged value provides crucial stability for digital asset trading, payments, and remittances.
"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, Mesh's CEO and Co-Founder.
Payment Giants Embrace Crypto Integration
The cryptocurrency payments landscape is witnessing increased adoption from established financial players. Stripe recently reversed its previous stance by reintroducing cryptocurrency payment support after a six-year hiatus. Though Stripe initially tested Bitcoin integration in 2014, it suspended support in 2018 due to volatility concerns.
Other payment processors are following similar paths. Singapore-based Triple-A, the country's first licensed crypto payments firm, recently announced plans to integrate PayPal's PYUSD stablecoin into its supported payment options.
The Series B round was led by Paradigm with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital. This significant investment signals growing institutional confidence in blockchain-based payment infrastructure.
Venture capital interest in stablecoin services continues to accelerate, demonstrated by Stripe's $1.1 billion acquisition of stablecoin platform Bridge last year—highlighting the strategic importance of blockchain payment solutions in the evolving financial ecosystem.
