The PYUSD investment is another sign of the growth of stablecoins and the desire for more connections among crypto services.
The Weekly Notable Startup Funding Report: 9/25/23 – AlleyWatch
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Mesh Raises $22m To Boost Financial Operating System
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Mesh (formerly Front Finance), a startup developing a service to help customers transfer and manage digital assets like crypto, has raised $22 million in a Series A funding round led by Money Forward with participation from Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC and various angels. Mesh will use the new cash, which brings its total raised to date to $32 million, to further develop its tools for deposits, payments and payouts, co-founder and CEO Bam Azizi says, as well support its go-to-market operations. "Mesh is reinventing the connection layer that's essential to facilitating these digital-first user experiences, giving users the ability to access and move their money on their own terms."