After raising an $82 million Series B funding in March, crypto payments firm Mesh announced additional investors, bringing its total funding to $130 million. PayPal Ventures was an existing backer, but joined the latest extension round alongside Coinbase Ventures, Japan’s SBI Investment, crypto exchanges Uphold and Bybit (via Mariana Ventures), and others. It accepted most of the funding using PayPal’s PYUSD stablecoin.
Mesh enables users to pay for retail transactions using a variety of crypto, converting the funds to stablecoins for instant payouts to merchants. PayPal’s crypto payment services is powered by Mesh, which also has integrations with Revolut,…
