Mesh Secures $22 Million in Series A to Enhance Its Integrated Crypto Platform
In Brief
Mesh, a financial technology solution facilitating cryptocurrency transfers and payments, has secured $22 million in Series A funding.
Key investors including Galaxy, Samsung Next, and various other prominent angel investors participated in this funding round. The company intends to leverage these new funds for international expansion.
Mesh This fintech platform that specializes in digital asset management successfully raised $22 million in Series A investments, led by Money Forward, Inc., with participation from new backers like Galaxy and Samsung Next.
Returning angel investors such as Arash Ferdowsi (Dropbox Co-founder), Valon Capital, Matt Ocko (co-founder at DCVC), Gokul Rajaram (Coinbase Board Member), alongside other venture capitalists, also joined this funding round.
With this latest investment, Mesh's total funding has exceeded $32 million. The company is set to utilize these funds to enhance applications such as deposits, payments, and withdrawals while aiming for global reach.
As Bam Azizi, co-founder and CEO of Mesh, stated, \"We're observing a substantial shift where consumers are demanding full transparency and control over their financial assets, expecting the services they use to deliver that. The realm of embedded finance holds a potential market opportunity of $7 trillion.\"
Previously known as Front Finance, Mesh is an enterprise-centric financial platform that promises safer and simplified processes for transferring and processing cryptocurrencies across more than 300 exchanges and wallets.
According to the company’s website, users can validate their identity on external exchanges or wallets and transfer their assets directly to financial institutions, facilitating key operations such as ‘writing’ and ‘transferring’ assets.
The suite of products from Mesh empowers enterprise clients to perform digital asset transfers, enable cryptocurrency payments, aggregate accounts, and engage in registered securities trading, all through a singular, robust platform.
Mike Giampapa, General Partner from Galaxy’s Venture team, commented, \"Incorporating embedded finance and crypto is set to be a fundamental element in crafting a next-gen financial experience for users.\"
Within a year of refocusing as an enterprise-oriented platform, Mesh proudly claims to have partnered with over 70 companies in finance and digital assets. Its solutions are compatible with leading wallets and exchanges like Metamask, Coinbase, and Binance. integrated Please be aware that the content shared on this platform should not be considered financial, legal, or investment advice. It's crucial to only invest funds that you can afford to lose, and we recommend seeking independent financial guidance if you're uncertain. For further details, please refer to the issuer's terms and conditions and support sections. MetaversePost strives to provide accurate and impartial reporting, though market conditions can shift unexpectedly.
Disclaimer
In line with the Trust Project guidelines Cindy is a reporter at Metaverse Post, focusing on web3, NFTs, the metaverse, and artificial intelligence, with an emphasis on interviewing key figures in the Web3 sector. She has connected with over 30 high-level executives, sharing their invaluable perspectives with her audience. Originally hailing from Singapore, she's now based in Tbilisi, Georgia. Cindy holds a Bachelor’s degree in Communications & Media Studies from the University of South Australia, accumulating a decade of experience in journalism and writing.
