Mesh Secures Whopping $130M Funding Round – PayPal & Coinbase Bet Big on Crypto’s Future

PayPal and Coinbase just placed a $130 million vote of confidence in Mesh's crypto infrastructure play. Here's why it matters.

The backroom deal that wasn't: When traditional finance giants and crypto natives both cut checks, you know something's brewing. Mesh isn't just another blockchain startup—it's building the pipes Web3 desperately needs.

Follow the smart money: PayPal could've parked this cash in treasury bonds. Coinbase might've bought back stock. Instead, they're betting on Mesh to solve crypto's clunkiest problems. (Wall Street analysts remain confused, per usual.)

This round proves institutional FOMO is alive—even at 2025's 'mature' crypto valuations. The real question: Will Mesh deliver, or become another line item in VCs' 'blockchain experiments' tax write-offs?

Market Reach and Expansion Plans

The network connects to big exchanges like Coinbase, Binance, ByBit, and OKX, reaching hundreds of millions of crypto users. The new funding will be used by Mesh to grow its APIs, add more products, and connect to additional payment platforms.

Bam Azizi, CEO and Co-Founder of Mesh, said the company makes it easy for people to use different wallets and exchanges by instantly converting their crypto into stablecoins for payments, funding, and settlement, without any extra hassle.

Amman Bhasin, Partner at PayPal Ventures, said they’re increasing their investment because Mesh has proven it can deliver the security, compliance, and scale needed for mainstream crypto payments. 

Mesh’s SmartFunding technology lets people pay with any cryptocurrency while merchants instantly get stablecoins like PYUSD or regular currency. This eliminates the usual problem wherein customers and merchants each have different preferred assets, allowing for seamless checkout.

Mesh is helping unlock liquidity with stablecoins worth over $200 billion handling $27.6 trillion in transactions. The vision for the company is a future where anyone can pay with any asset, anywhere, anytime.anytime.

Also Read: Kraken Adds PayPal for Instant USD Deposits in the U.S.