PayPal’s partner, Amman Bhasin, highlighted Mesh’s ability to provide secure, compliant, and scalable solutions for enterprise crypto payments, enabling businesses to embed crypto transfers and commerce directly into their apps.

In January 2024, PayPal Ventures demonstrated the efficacy of stablecoins for global transactions by investing almost entirely using PayPal's stablecoin, PYUSD.

This new investment will support Mesh's efforts to expand its technology, scale APIs, develop new products, and enhance its integration with various crypto and payments platforms.

Mesh's technology, which was used to launch PayPal's 'Pay with Crypto' service allowing payments with over 100 wallets and cryptocurrencies, is integrated with major exchanges like Coinbase, Binance, Bybit, and OKX, reaching hundreds of millions of users worldwide.

The company's goal is to streamline access to wallets and exchanges, enable real-time asset conversion to stablecoins, and facilitate seamless payments and settlements across the globe.

PayPal Ventures, the strategic investment arm of PayPal, continues to focus on innovative areas such as fintech, payments, AI, blockchain, and cybersecurity to bring new solutions to market faster.

Mesh’s SmartFunding technology reduces friction in crypto transactions by allowing users to pay with any digital asset and receive instant settlements in stablecoins or fiat, addressing asset mismatch issues.

Mesh, a crypto payments network founded in 2020, announced it has secured over $130 million in additional funding from major investors including PayPal Ventures, Coinbase Ventures, and others, to accelerate its global growth.

By making assets more fungible and liquidity more accessible, Mesh is contributing to the growth of the over $200 billion stablecoin market, which handles $27.6 trillion in transaction volume.

Mesh previously raised $22 million in September 2023 and $82 million in March 2025 in Series B funding to accelerate product development and expand into new markets.

The latest funding round, which followed an $82 million raise in March, was at least $10 million, with the exact amount undisclosed.