Mesh, the modern embedded finance solution that makes digital asset transfers and account aggregation seamless, announced an investment from PayPal Ventures. This investment helps to reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.

The investment comes on the heels of Mesh's $22 million Series A funding round, backed by new investors including Money Forward, Inc., Galaxy, and Samsung Next.

PayPal Ventures' investment was made almost entirely in PayPal USD (PYUSD), an Ethereum-based stablecoin that is 100% backed by U.S. dollars, short-term U.S. treasuries and similar cash equivalents.