Mesh secures $6.5M investment from PayPal Ventures

Ritu13

Cryptocurrency transfer and payment service startup Mesh has secured a $5 million investment in PYUSD stablecoin from PayPal, in addition to a cash investment of $1.5 million from PayPal Ventures. The PYUSD funds can be transferred on-chain through Mesh's application programming interface. This investment comes after Mesh's $22 million Series A funding round, with support from new investors such as Money Forward, Inc., Galaxy, and Samsung Next. Mesh enables businesses to seamlessly and securely integrate cryptocurrency transfers and payments directly into their existing platforms, eliminating the need for users to switch between platforms. Founded in 2020, Mesh is an account aggregation platform that has integrated with over 300 different exchanges, wallets, and brokers.

Yamini003

It's backed by investors with substantial resources.

Kahn332

That's quite a substantial amount of investment, isn't it?

Kalkin995

It seems that companies of this kind are all relatively small-scale.