Fintech Solution Mesh Receives $22 Million Investment

Mesh, a fintech solution that enables crypto transfers and payments, raised $22 million in Series A funding. Existing angel investors including Arash Ferdowsi (Dropbox Co-Founder), Valon Capital, Matt Ocko (Founding GP of DCVC), Gokul Rajaram (Coinbase Board Member and GP of Firebolt VC) and other VCs also participated in the round.

Also See: Vivante Health Receives $31 Million Investment

Mesh's Partners Attract Attention!

The platform, which provides digital asset management solutions, raised $22 million in Series A funding. Money Forward, Inc. led the round with participation from new investors, including Galaxy and Samsung Next. The investment brings Mesh's total funding to over $32 million. The company plans to use the new funds to further develop its use cases, such as deposits, payments and settlements, and expand globally.

Mesh, formerly known as Front Finance, is an enterprise-focused financial platform that claims to provide "safer and easier" crypto transfers and payments from more than 300 exchanges and wallets. The company's website states that end users can verify themselves on external exchanges or wallets and transfer assets directly to financial institutions. The company claims that this facilitates basic functions such as 'write' and 'transfer', allowing financial institutions to connect with their users' financial accounts.

Mesh's products enable corporate customers to enable digital asset transfers, crypto payments, account consolidation and registered securities trading within the platform. Mike Giampapa, General Partner of Galaxy's Venture team, said: "Embedded crypto and finance will be an important factor in creating the modern financial user experience."

Mesh claims to have partnered with more than 70 companies in finance and digital assets within a year of becoming an enterprise-focused platform.