Mesh Raises $82 Million in Series B Funding in Just Weeks
Mesh CEO Bam Azizi announced a shift in venture capital fundraising by opting for stablecoins over traditional wire transfers. The company's recent Series B round raised $82 million, primarily through PayPal's stablecoin PYUSD, facilitated by Mesh's own technology.
Key points include:
- Binance also received an investment via stablecoins, totaling $2 billion from Abu Dhabi’s MGX.
- Azizi emphasized efficiency, stating that using stablecoins eliminates delays associated with traditional banking.
- The funding round was completed swiftly, taking only weeks instead of months.
- Mesh aims to simplify crypto payments, focusing on making them accessible to all users.
- Last year, transactions on stablecoins reached $27 trillion, surpassing Visa and Mastercard combined.
- The new funds will be used for global expansion and hiring in new markets.
Mesh has been developing its technology for five years, targeting the integration of stablecoins into payment systems.