Crypto payment company Mesh completes US$82 million Series B financing, led by Paradigm

PANews reported on March 12 that crypto payment company Mesh announced the completion of a US$82 million Series B financing to expand its global payment settlement network based on stablecoins. This round of financing was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating, and most of the investment funds were settled through PayPal's PYUSD stablecoin.

Mesh is building a blockchain payment network that enables users to pay with crypto assets such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), while merchants can choose to settle in stablecoins such as Circle's USDC, PayPal's PYUSD or Ripple's RLUSD. Mesh co-founder and CEO Bam Azizi said the funding will be used for global expansion, promoting crypto payments as convenient as credit card payments.