Crypto payment startup Mesh has secured significant investments from PayPal Ventures, Coinbase Ventures, and others, increasing the total raised funds to over $130 million.
Additional Funding for Mesh
The company has attracted additional investments, with details on the size and valuation of the latest round undisclosed. This funding comes just five months after closing an $82 million Series B round, resulting in a total funding exceeding $130 million.
Company Technologies and Infrastructure
Mesh provides embedded payment solutions that allow users to pay with over 100 cryptocurrencies through integration with wallets and exchanges. Merchants benefit from instant settlement in stablecoins or fiat currencies. The company addresses the 'mismatch problem,' allowing customers to pay with one asset while merchants prefer another.
Support for New Stablecoins and Extended Capabilities
Recently, Mesh has added support for Ripple USD (RLUSD), a US dollar-backed stablecoin. Users can deposit, send, and pay with RLUSD, enhancing opportunities for both buyers and sellers. RLUSD is backed by dollar deposits and U.S. Treasuries, providing users with a stable payment option.
With the new investments, Mesh aims to accelerate product development and expand integrations with various crypto and payment platforms, potentially broadening its market influence.
