PayPal and Coinbase Invest in Mesh

August 16, 2025 • FinTech News
PayPal and Coinbase Invest in Mesh

Major Crypto Investment Announcement

PayPal Ventures and Coinbase Ventures have significantly deepened their cryptocurrency commitments through a strategic investment. Specifically, they co-led a substantial funding round for Mesh, a payments infrastructure innovator. Notably, Mesh’s technology enables businesses to integrate cryptocurrency transfers directly into their platforms, thereby eliminating user friction between wallets or applications.

Investor Consortium & Funding Scale

Beyond the lead investors, this financing attracted participation from Uphold, Mirana Ventures, SBI Investment, Kingsway Capital, and others. Although the exact round size remains undisclosed, reliable sources confirm it reached at least $10 million. Consequently, Mesh’s total funding now exceeds $130 million—a robust endorsement of their technology’s potential.

Core Technology Functionality

Fundamentally, Mesh specializes in embedding crypto payments within existing applications. For instance, their infrastructure already powers PayPal’s “Pay with Crypto” service, which allows customers to transact with multiple cryptocurrencies and wallets without leaving PayPal’s ecosystem. This seamless integration represents a major advancement in user experience.

Stablecoin Settlement Milestone

Remarkably, investors settled a significant portion of this funding round using PayPal’s PYUSD stablecoin. Critically, Mesh’s own technology facilitated these instantaneous settlements. This practical application validates their vision for efficient, stablecoin-powered payment rails in global commerce.

Strategic Growth Objectives

Looking ahead, Mesh will deploy this capital to scale API offerings, accelerate product development, and support hundreds of crypto/fintech platforms worldwide. As digital assets approach mainstream adoption, their primary focus remains delivering secure, compliant, and enterprise-grade solutions.

Industry Validation

Amman Bhasin, PayPal Ventures Partner, emphasized Mesh’s strategic value: “Ultimately, Mesh is building foundational infrastructure for mainstream crypto adoption. Their platform enables enterprises to embed payments, transfers, and commerce directly into apps. We’re reinforcing our commitment precisely because Mesh delivers the compliance and scalability enterprises require.”

Market Significance

Collectively, this investment signals strong confidence from traditional finance (PayPal) and crypto-native (Coinbase) leaders. Moreover, the PYUSD settlement itself demonstrates the operational efficiency Mesh brings to financial infrastructure—a powerful proof-of-concept for future transactions.