TLDR
- Mesh Raises New Round in PYUSD, Expanding Global Crypto Payment Infrastructure
- Mesh Secures Strategic Funding in PYUSD to Power PayPal’s Crypto Payment Growth
- PYUSD Fuels Mesh’s Latest Raise as It Scales Enterprise Crypto Payment Solutions
- Mesh Expands Funding Over $130M, Using PYUSD to Drive Global Payment Innovation.
- Mesh’s New PYUSD-Funded Round Boosts Reach in Global Crypto-to-Fiat Payments
Mesh, the crypto infrastructure startup enabling PayPal’s new “Pay with Crypto” service, has closed another strategic funding round. The round was settled primarily in PayPal USD (PYUSD) stablecoin and included backing from notable financial firms. Although the company did not disclose the round’s exact size or series, it confirms that total funding now exceeds $130 million.
PYUSD Becomes the Medium in Undisclosed Raise
Mesh used its platform to settle a significant portion of the new raise in PYUSD, echoing its March Series B approach. In that earlier round, Mesh secured $82 million led by Paradigm, lifting its total raised capital to over $120 million. Based on public estimates, the current round suggests an addition of at least $10 million.
PayPal Ventures joined the funding alongside Coinbase Ventures, ByBit, Uphold, SBI Japan, and others, marking continued institutional confidence. The use of stablecoins like PYUSD for equity transactions reflects Mesh’s intent to mainstream crypto-to-fiat interoperability. Mesh did not disclose the post-money valuation, investor rights, or board structure.
SmartFunding Engine Targets Global Scale
Mesh’s proprietary SmartFunding engine lies at the core of its product strategy, aiming to address asset mismatch in crypto payments. It allows consumers to pay with over 100 cryptocurrencies while enabling merchants to settle instantly in stablecoins or fiat. This system removes volatility risks and speeds up transaction finality.
The engine supports automated payment routing between wallets and exchanges to optimize liquidity and cost. This flexibility supports both merchant priorities and consumer preferences in a unified flow. Mesh positions this orchestration layer as a core differentiator against traditional crypto payment gateways.
Strategic Partnerships Broaden Reach
Mesh integrates with major exchanges such as Coinbase, Binance, OKX, and ByBit, expanding its network to millions of users globally. These integrations allow applications using Mesh to support a wide range of tokens and wallets without managing backend complexities. The company also recently added support for Ripple’s RLUSD, reinforcing its stablecoin-first strategy.
Mesh played a key infrastructure role in PayPal’s crypto product expansion, specifically powering the Pay with Crypto service launched earlier this year. This integration validates Mesh’s platform reliability and positions it for future enterprise adoption. Mesh plans to use the new capital to grow product capabilities, scale its APIs, and deepen exchange coverage.
Growth Outlook and Market Positioning
Mesh aims to replicate the ubiquity of card networks for digital asset payments on a global scale. The company did not provide details on hiring, transaction volumes, or user metrics but confirmed it will continue focusing on enterprise-facing infrastructure. Mesh has not commented on plans for further fundraising or strategic exits.
Mesh’s continued support from crypto-focused backers and large-scale financial firms signals long-term confidence in its payment rail model. As digital asset payments become more common in mainstream fintech, Mesh positions itself at the intersection of crypto flexibility and stable settlement. The company remains focused on reducing complexity and improving reliability in global crypto commerce.
