According to Foresight News, Fortune magazine reported that Mesh, a startup in crypto transfer and payment services, received a $5 million PYUSD stablecoin investment from PayPal. In addition to PYUSD, PayPal Ventures also added $1.5 million in cash investment.
Foresight News previously reported that Mesh (formerly Front Finance), a crypto transfer and payment service startup, completed a $22 million Series A financing round in September last year, 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 several angel investors.
