Mesh Connect

Mesh, formerly Front Finance, was founded in 2020 in the San Francisco Bay Area by Bam Azizi and Adam Israel, with Azizi as CEO. Azizi had previously founded the cybersecurity and identity company NoPassword, which LogMeIn acquired in 2019; Israel came from the banking sector and had been a managing director at HSBC.⁠[1][1][2][1][1][1]

Azizi recalled that the company looked very different when it started; they soon realized that the biggest bottleneck in crypto payments was not the front-end experience but the underlying infrastructure, so they turned to building a neutral connection layer that lets assets move freely across wallets, exchanges, and financial platforms.⁠[3][3][3]

The two founders spent several years building the core infrastructure and rolled it out in September 2022 together with business-to-business offerings, positioning Mesh as an “intermediate connection layer” between non-traditional assets: businesses can let their customers move assets, including crypto, across platforms, and users can connect their various asset-holding accounts to Mesh to manage them in one place.⁠[1][1][1]

Mesh raised a $22 million Series A round led by Money Forward, with participation from Galaxy, Samsung Next, Streamlined Ventures, and others, bringing its total funding to $32 million, to develop its deposit, payment, and payout tools and support go-to-market operations. The same year, the company was selected for the Startup Battlefield 200 at TechCrunch Disrupt 2023.⁠[1][1][1]

PayPalPayPalPayPal Holdings, Inc. (Nasdaq: PYPL) is an American digital payments company that operates payment brands including PayPal, Venmo, Braintree, and Xoom, providing online and in-store payments, money transfers, and consumer credit to consumers and merchants worldwide.Open the full entry Ventures, PayPal’s venture capital arm, invested in Mesh, using PayPal USD (PYUSD), the dollar stablecoin issued by PayPal, as the primary funding instrument. PayPal Ventures partner Amman Bhasin said user ownership and portability of assets would become a critical building block of financial product innovation, with crypto as the first area where this is possible.⁠[4][4][4][4][5]

Mesh raised an $82 million Series B round led by Paradigm, with participation from Consensys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital; most of the funds were settled in PYUSD, bringing total funding to more than $120 million. The company said its SmartFunding technology converts users’ crypto assets into stablecoins at the point of transaction, so users can pay with any crypto they hold while merchants settle in PYUSD, USDC, or USDT; the company said it already provided payments, deposits, and transfers across more than 300 wallets, exchanges, and platforms.⁠[6][6][7][7][7][7]

Mesh announced its entry into the Indian market, growing its engineering team in Bangalore, and said India leads the world in grassroots crypto adoption.⁠[8][8][8]

In 2025, Mesh worked with PayPal on its “Pay with Crypto” feature, which lets consumers pay with crypto and merchants settle instantly in stablecoins or fiat, with the conversion and connectivity running on Mesh; the company said PayPal’s participation brought its total funding to more than $130 million. That year it also partnered with the stablecoin card-issuing platform Rain, PaxosPaxosPaxos is a blockchain-infrastructure company founded in 2012 and led by CEO Charles Cascarilla. It provides enterprises with digital-asset custody, trading, settlement and stablecoin-issuance technology. Its associated assets include PYUSD, USDP, PAXG and USDG, with issuer entities and regulatory oversight varying by asset.Open the full entry, RedotPay, Aptos, and others, providing crypto funding for Rain’s stablecoin cards, and launched Mesh Wallet, which lets AI carry out payment actions on users’ behalf.⁠[9][5][9][9][9][9][9][10][9]

Mesh raised a $75 million Series C round led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures, valuing the company at $1 billion and bringing total funding to more than $200 million, to be used to scale products, expand globally, and build infrastructure. In an open letter on January 31, Azizi said he came to the United States 15 years earlier with almost nothing and started a company again after selling his previous startup; he said Mesh then connected more than 300 wallets and exchanges and that the goal was to “make every digital asset spendable.”⁠[11][11][11][3][3][3][3]

As of August 13, 2026, Mesh’s operating entity Mesh Connect LLC was registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a money services business (MSB) and held money transmitter licenses in Michigan and Missouri; the company said it was pursuing additional licenses and registrations in the United States and elsewhere.⁠[12][12][12][12][12]

Mesh chief information security officer Daniel Hooper wrote that a few weeks earlier a company sales representative received a Telegram message from a contact he had worked with for months and was invited to a Teams video call; everyone on the call was generated, the others pretended they could not hear him, and someone dropped a link in the chat to a supposedly updated version of Teams, which was actually a script; he clicked it and the company’s endpoint detection and response (EDR) system quarantined the machine. Hooper said the contact’s Telegram account had been taken over and that the incident showed there is currently no reliable way to authenticate whether a remote counterpart is a real person; his approach was to “verify the request, not the person,” limiting what any single interaction can cause.⁠[13][13][13][13][13][13][13][13]

The cryptocurrency exchange Bybit announced a partnership with Mesh allowing Bybit users to use their Bybit balances through Bybit Pay to fund accounts and make payments on Mesh-powered platforms, without first withdrawing funds or converting assets manually.⁠[14][14][14]

Mesh announced that it had acquired Bluvo, a developer of exchange connectivity technology, and that Bluvo co-founders Florian Sabani and Luca Dalla Chiara had joined Mesh. Azizi said Mesh had spent six years building the network and would rather have them building it together than in parallel.⁠[15][15][15]

As of October 2026, Mesh had more than 100 team members across the United States, Europe, India, and Latin America, with Bam Azizi as co-founder and CEO and Adam Israel as co-founder and CCO. The investment firm Dragonfly lists Mesh in the portfolio on its website, and Dragonfly general partner Rob Hadick lists Mesh among his investments in his personal profile.⁠[2][2][16][16][17]

Mesh: Official website: https://www.meshpay.com/ (opens in a new window).⁠[18]

X: Public account: https://x.com/meshpay (opens in a new window)⁠[18]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/meshpay/ (opens in a new window)⁠[18]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Public channel: https://www.youtube.com/@mesh-pay (opens in a new window)⁠[18]