Mesh, the leading crypto payments network enabling seamless transactions with cheap and immediate conversions, today announced it closed a $82 million Series B funding round, bringing its total amount raised to over $120 million. With payments and stablecoins widely seen as the biggest catalyst for crypto's mass adoption, the funds set the company up for sustained dominance in the industry's most promising sector. The round was led by Paradigm, with participation from Consensys (parent company of MetaMask), QuantumLight Capital (started by Revolut Founder & CEO Nik Storonsky), Yolo Investments, and others. Mesh has previously raised from investors including PayPal Ventures, Galaxy Ventures, and MoneyForward.

In a historic moment for both venture funding and stablecoins, most of the $82 million of investments were settled with PayPal USD (PYUSD) stablecoin. PYUSD was leveraged to close funding instantly and Mesh's technology was used to transfer the assets securely.

Founded in 2020, Mesh is building the first global crypto payments network, connecting hundreds of exchanges, wallets, and financial services platforms to enable seamless digital asset payments and conversions. By unifying these platforms into a single network, Mesh is pioneering an open, connected, and secure ecosystem for digital finance.