Mesh Secures New Funding From PayPal Ventures and Coinbase Ventures Totaling Over $130 Million

Mesh, a crypto payments infrastructure firm, has secured additional investment from PayPal Ventures, Coinbase Ventures, and other institutional backers, elevating its total funding to over $130 million [1]. The latest round followed a $82 million Series B funding led by Paradigm in March 2025, which had already pushed the company’s total capital above $120 million [1]. Although the size of the new round has not been disclosed, the use of PayPal USD (PYUSD) as a settlement method underscores the firm’s focus on leveraging its proprietary technology for instant, seamless transactions [1].

Founded in 2020, Mesh specializes in enabling businesses to integrate crypto payments directly into their platforms [1]. Central to its offering is the “SmartFunding orchestration engine,” a technology designed to resolve a persistent challenge in the crypto payments space: the mismatch between the assets users wish to spend and the stable assets merchants prefer to receive [1]. This allows consumers to pay using more than 100 cryptocurrencies, while ensuring that merchants receive instant settlement in stablecoins or fiat [1].

The firm’s infrastructure is integrated with leading exchanges such as Coinbase, Binance, ByBit, and OKX, giving it access to hundreds of millions of users [1]. A key milestone in its development was the launch of PayPal’s “Pay with Crypto” service, which is powered by Mesh’s platform—marking a significant step toward mainstream adoption of digital assets [1]. Recently, the firm expanded its capabilities further by adding support for Ripple’s RLUSD stablecoin [1].

Mesh plans to use the new capital to accelerate product development, scale its APIs, and support growth across both crypto and traditional payments platforms [1]. CEO Bam Azizi has described the company’s vision as building a global crypto payments network akin to what Visa and Mastercard have done for card transactions [1]. However, Azizi has refrained from disclosing key business metrics, including transaction volume, growth rates, or hiring plans [1]. He also did not confirm whether any of the new investors have taken or plan to take board seats [1].

With PayPal Ventures and Coinbase Ventures now part of its investor base, Mesh continues to draw strong institutional backing, reflecting growing confidence in its mission to streamline crypto payments infrastructure [1]. According to its LinkedIn page, the firm employs between 11 and 50 individuals [1].

Source: [1] The Block (https://www.theblock.co/post/366812/crypto-payments-firm-mesh-new-funding-paypal-ventures-coinbase-ventures-total-over-130-million?utm_medium=rss&utm_source=news.xml)