Crypto startup Mesh raises $22 million in Series A funding, led by Money Forward.
BlockBeats news reported on September 22nd that Mesh, a cryptocurrency transfer and payment service startup formerly known as Front Finance, has completed a $22 million Series A funding round with Money Forward as the lead investor. Other investors include Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC, and several angel investors.
Mesh will use the newly raised funds to further develop its deposit, payment, and spending tools, as well as support the launch and operation of its products. So far, Mesh has raised a total of $32 million in funding.
Mesh was a participant in the Startup Battlefield 200 competition at TC Disrupt 2023, founded by Bam Azizi and Adam Israel in 2020. Prior to founding Mesh, Azizi founded the cybersecurity and identity company NoPassword, which was acquired by LogMeIn in 2019. Adam Israel previously served as Managing Director at HSBC Bank.