Crypto payment company Mesh completes $82 million Series B funding, led by Paradigm

Crypto payment company Mesh announced the completion of $82 million in Series B funding to expand its stablecoin-based payment settlement network.

Crypto payment company Mesh has completed a $82 million Series B funding round led by Paradigm to expand its stablecoin-based payment settlement network.

The startup, previously known as Carbon, announced Tuesday the completion of the Series B funding, which also saw participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital.

The company, founded by former executives from Coinbase and Circle, aims to build a payment network that connects crypto wallets, exchanges, and payment service providers.

Mesh’s technology allows users to pay with crypto assets like BTC, ETH, and SOL, while merchants can choose to settle in USDC, PYUSD, or RLUSD.

The company has already integrated with several crypto exchanges and Web3 applications, and it plans to use the new funds to expand its merchant network and launch new products and services.

“We are excited to continue our journey with the support of Paradigm and our other investors as we work to build the future of crypto payments,” said Mesh co-founder and CEO Greg Ishii.

“We believe that Mesh’s technology can revolutionize the way people and businesses pay and get paid online.”

Paradigm co-founder and partner Matt Huang said: “Greg and the team at Mesh have built a company with a clear vision for the future of crypto payments. We are impressed by their deep industry experience, technical expertise, and commitment to innovation.”

Earlier this year, Mesh announced the completion of a $44 million Series A funding round led by Andreessen Horowitz (a16z).output: Crypto payment company Mesh has completed a $82 million Series B funding round led by Paradigm to expand its stablecoin-based payment settlement network.

The startup, previously known as Carbon, announced Tuesday the completion of the Series B funding, which also saw participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital.

The company, founded by former executives from Coinbase and Circle, aims to build a payment network that connects crypto wallets, exchanges, and payment service providers.

Mesh’s technology allows users to pay with crypto assets like BTC, ETH, and SOL, while merchants can choose to settle in USDC, PYUSD, or RLUSD.

The company has already integrated with several crypto exchanges and Web3 applications, and it plans to use the new funds to expand its merchant network and launch new products and services.

“We are excited to continue our journey with the support of Paradigm and our other investors as we work to build the future of crypto payments,” said Mesh co-founder and CEO Greg Ishii.

“We believe that Mesh’s technology can revolutionize the way people and businesses pay and get paid online.”

Paradigm co-founder and partner Matt Huang said: “Greg and the team at Mesh have built a company with a clear vision for the future of crypto payments. We are impressed by their deep industry experience, technical expertise, and commitment to innovation.”

Earlier this year, Mesh announced the completion of a $44 million Series A funding round led by Andreessen Horowitz (a16z).