Mesh, a crypto payments infrastructure company, has secured additional funding from investors including PayPal Ventures and Coinbase Ventures, pushing its total capital raised to over $130 million. This new investment will allow Mesh to accelerate product development and expand its API offerings as demand for seamless cryptocurrency transactions grows among businesses.
The funding round itself was notable because most of the investment was settled using the PayPal USD (PYUSD) stablecoin, demonstrating the real-world application of Mesh's own technology for institutional-scale transactions.
Mesh's core technology, "SmartFunding," solves a key problem in crypto payments: it allows customers to pay with any digital asset they hold, while merchants instantly receive settlement in their preferred stablecoin or fiat currency. This technology is already at work in PayPal's new "Pay with Crypto" service, giving PayPal's merchant network access to a massive market of 650 million crypto users.
With stablecoins now processing trillions in annual transactions, Mesh is positioned to be a crucial infrastructure layer for companies looking to integrate crypto payments securely and at scale.
August 2025, Cryptoniteuae