Mesh Secures New Capital to Expand Crypto Payment Infrastructure

Mesh, a crypto payments network, has obtained additional investment from PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures, bringing the company’s total funding above $130 million. The investment aims to support further deployment of Mesh’s crypto payment solutions across merchants and financial platforms.

The company’s SmartFunding orchestration engine integrates with over 100 wallets and cryptocurrencies, facilitating digital asset payments and conversion into stablecoins such as PayPal USD (PYUSD) for settlement. This functionality was applied during the launch of PayPal’s Pay with Crypto service, enabling merchants to accept a variety of cryptocurrencies and digital wallets.

Mesh maintains integration with platforms including Coinbase, Binance, ByBit, OKX, Paribu, and Uphold, enabling transaction processing for hundreds of millions of users. The funding is expected to expand Mesh’s API reach, product development, and operational deployment across crypto and traditional payment providers.

The network’s approach addresses the mismatch between user-held cryptocurrencies and merchant-preferred settlement assets, allowing payments in multiple crypto assets while settling in stablecoins or fiat. The stablecoin market currently exceeds $200 billion in capitalization and facilitates large transaction volumes, positioning Mesh to provide liquidity and interoperability between digital assets and fiat for merchant and enterprise applications.