Overview of Transaction

• On March 11, 2025, Mesh, the leading crypto payments network enabling seamless transactions with cheap and immediate conversions, announced it closed an $82 million Series B funding round, bringing its total amount raised to $122 million
• The round was led by Paradigm, with participation from Consensys, QuantumLight Capital, Yolo Investments and others, who join existing investors including PayPal Ventures, Galaxy and MoneyForward
• With payments and stablecoins widely seen as the biggest catalyst for crypto’s mass adoption, the funds set the company up for sustained growth in the industry’s most promising sector
• Founded in 2020, Mesh is building the first global crypto payments network, connecting hundreds of exchanges, wallets, and financial services platforms to enable seamless digital asset payments and conversions
• By unifying these platforms into a single network, Mesh is pioneering an open, connected and secure ecosystem for digital finance
• Mesh has already partnered with major players such as MetaMask, Shift4 and Revolut, making its technology available to over 400 million users in over 100 countries worldwide

Significance of Transaction

• In a historic moment for both venture funding and stablecoins, most of the investment was settled with PayPal’s PYUSD stablecoin – PYUSD was leveraged to close funding instantly and Mesh’s technology was used to transfer the assets securely
• The method of funding comes on the heels of PayPal Ventures' 2024 investment in Mesh, which was also completed largely in PYUSD
• This latest round doubles down on that early innovation, setting a historic precedent for stablecoin investment in a funding round

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Mesh on this transaction
• FT Partners previously FT Partners previously advised Mesh on its investment from QuantumLight, the VC firm founded by the CEO of Revolut, Nik Storonsky
• This transaction highlights FT Partners’ deep expertise in the rapidly growing digital assets industry as well as our ability to generate optimal outcomes for FinTech companies globally