News linked to both this project and an event.
According to Fortune, New York-based payments company Fin.com has announced the closing of a $20 million seed round, completed in August and led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, the founder of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and Gulf and African sovereign and royal family offices. Founded by Bangladeshi founder Nabeel Alamgir and Pakistani founder Mustafa Dar, Fin.com aims to solve the "last mile" challenge of converting stablecoins into local bank accounts or digital wallets, providing white-label payment infrastructure to financial institutions, consumer platforms, and prediction markets. Its client platforms collectively serve over 800 million users. The company focuses on the South Asian, African, and Middle Eastern markets, and currently maintains offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.
Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)
According to Axios, crypto payment and settlement company Mesh is raising a new round of financing led by Binance, with the company's valuation expected to reach up to $2 billion after the financing is completed.