Mesh, a rapidly growing crypto payments network, has raised $82 million in a Series B funding round to accelerate its product development and expand its suite of application programming interfaces (APIs). This fresh capital signals a strong vote of confidence in Mesh’s mission to revolutionize digital payments using blockchain technology and stablecoins.
Mesh announced the funding on Tuesday, March 11, and confirmed that leading crypto investment firm Paradigm spearheaded the round. Other investors included PayPal Ventures, which had previously backed Mesh with a strategic investment in January 2024 using its in-house stablecoin, PayPal USD (PYUSD).
Transforming Crypto Payments with SmartFunding Technology
Mesh has built a technology platform that already reaches more than 400 million users across 100 countries through major integrations with industry giants like MetaMask, Shift4, and Revolut. The company aims to redefine how digital assets interact with real-world commerce by removing key friction points that traditionally limit crypto adoption for daily transactions.
At the heart of this innovation lies Mesh’s proprietary SmartFunding technology. This system allows users to pay merchants with any crypto asset they hold, while enabling merchants to receive settlements in the stablecoin of their choice — mimicking the ease of conventional fiat payments. Users no longer need to manually convert their crypto into a stable asset before completing a transaction. Instead, Mesh handles the process in real time, without creating additional steps for either party.
“Our goal is simple but ambitious,” said Bam Azizi, Mesh’s CEO and Co-founder. “We’re expanding the first truly global crypto payments network — one that allows users to pay with any crypto they hold while ensuring merchants can settle in the stablecoin of their choice, just like they do with fiat today.”
Instant, Seamless, Borderless: How Mesh Delivers on Crypto’s Promise
Mesh provides an end-to-end crypto payment infrastructure designed to work 24/7, with low fees and high transparency. It allows merchants to onboard seamlessly and receive payments without worrying about crypto price volatility. Users, on the other hand, experience a payment flow that matches — or even exceeds — the simplicity and speed of credit card transactions.
Paradigm’s General Partner Charlie Noyes expressed enthusiasm about Mesh’s approach. “We think crypto and stablecoins will be an enormous transformation to payments,” Noyes said. “Mesh makes paying with crypto as simple as using a credit card for users and merchants while preserving the benefits of transacting over blockchain rails.”
Mesh’s solutions cater to developers, fintech companies, e-commerce platforms, and any enterprise interested in embedding crypto payments into their digital products. Through its APIs, businesses can plug into Mesh’s payment infrastructure and offer crypto transaction capabilities instantly.
PayPal Ventures Doubles Down on Mesh
Mesh’s credibility got a major boost earlier this year when PayPal Ventures became one of its key strategic investors. In January 2024, Mesh announced that PayPal had invested an undisclosed sum using its proprietary stablecoin, PayPal USD (PYUSD). The investment represented a pivotal moment in how traditional payment companies now view crypto’s potential.
Amman Bhasin, Partner at PayPal Ventures, praised Mesh’s leadership and technology. “Mesh’s innovative platform makes it a clear leader in this dynamic landscape,” Bhasin said.
Mesh used its own infrastructure to process most of the Series B funding round. The company revealed that PYUSD played a central role in the transaction process, enabling investors to settle their contributions instantly, securely, and transparently.
“The benefits of using stablecoins for VC funding are that it’s instant, cheap, transparent, and available 24/7,” Mesh noted in the press release. By using PYUSD and Mesh’s technology stack, the company demonstrated the future of capital deployment in the blockchain era.
Accelerating Product Development and API Integration
With $82 million in fresh capital, Mesh plans to enhance its product offering and broaden its API reach. The company will invest in building scalable infrastructure that allows it to onboard thousands of merchants globally. It will also refine its developer tools to support integrations with more wallets, exchanges, payment processors, and e-commerce platforms.
Mesh wants to ensure that its SmartFunding technology becomes the standard for crypto payments, allowing businesses and users to transact confidently in the digital economy.
“Our APIs make crypto usable, accessible, and practical — not just for crypto natives, but for mainstream users and businesses too,” Azizi said. “We will use this capital to accelerate our roadmap, including launching new payment modules, enhancing security, and expanding our developer ecosystem.”
A Clear Roadmap to Global Expansion
Mesh’s initial success with partners like MetaMask, Revolut, and Shift4 shows that the company can scale rapidly. The strategic integrations already give it access to users in over 100 countries. Now, with the Series B funding in place, Mesh will focus on expanding its operations in emerging markets and regions where traditional banking infrastructure remains underdeveloped.
The company views stablecoins as key to unlocking financial access for millions of unbanked individuals. By offering a crypto-to-stablecoin payment gateway, Mesh reduces reliance on banks, credit cards, and centralized payment networks. Its infrastructure could transform remittances, cross-border e-commerce, and freelance payments across borders.
The Mesh team also plans to work closely with regulators to ensure compliance and support the adoption of transparent, secure, and lawful digital transactions. By promoting best practices and embracing regulatory standards, Mesh positions itself as a long-term player in the digital payments industry.
Reinventing the VC Funding Model with Stablecoins
One of the most innovative aspects of Mesh’s Series B round was how the funding occurred. Most of the $82 million was settled using PayPal USD through Mesh’s own platform. This move represents a major evolution in the world of venture capital.
Instead of waiting days or even weeks for funds to transfer through traditional banking channels, investors used PYUSD to close funding rounds instantly. The transaction took place on-chain, which ensured transparency and accountability for every dollar moved.
Mesh’s technology handled the asset transfer, demonstrating that crypto-native solutions can replace outdated funding mechanisms. If more startups and VC firms adopt this model, the industry could save time and money while increasing visibility in capital flows.
Final Thoughts
Mesh stands at the intersection of crypto innovation and global payments. With its $82 million Series B round, the company now has the resources to scale its global network, enrich its APIs, and deliver a seamless crypto payment experience to users and merchants alike.
By removing the barriers that separate crypto assets from real-world usability, Mesh transforms the blockchain promise into practical, everyday solutions. Its SmartFunding engine, stablecoin-backed settlements, and real-time API integrations point toward a future where crypto works as effortlessly as cash or cards — but with lower fees, higher transparency, and no borders.
Mesh doesn’t just build tools. It builds infrastructure for the future of money.
