Crypto payments startup Mesh raises $75M at $1B valuation
Crypto payment processing provider Mesh Connect Inc. today announced that it has closed a $75 million funding round at a $1 billion valuation.
Dragonfly Capital led the Series C deal. It was joined by Coinbase Ventures, Japanese financial services giant SBI, Paradigm, Moderne Ventures and Liberty City Ventures. Mesh has raised more than $200 million to date.
One reason accepting cryptocurrency payments can be challenging for online merchants is that different customers use different tokens. Manually adding support for each digital asset that shoppers may wish to use can be prohibitively difficult. Furthermore, it’s necessary to provide integrations with users’ digital wallets, which creates additional complexity.
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