PayPal, Coinbase, SBI Back Crypto Payments Startup Mesh in $130M+ Funding Round
Mesh, a crypto payments infrastructure company, has raised additional funding from PayPal Ventures and other investors, bringing its total funding to more than $130 million as the startup capitalizes on growing enterprise demand for seamless cryptocurrency transactions.
The funding round included PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, and several other strategic investors. Notably, most of the investment was settled using PayPal USD (PYUSD) stablecoin, demonstrating the practical application of Mesh’s technology for institutional transactions, the startup said Thursday in a statement.
The funding positions Mesh to expand its API offerings and accelerate product development as more traditional…
