Mesh, the innovative financial operating system focused on digital asset transfers and account aggregation, has announced a successful $22m Series A funding round.
This recent accomplishment will support the firm’s mission of crafting an open, connected, and secure financial environment wherein users maintain complete control over their assets. As a result, Mesh is positioning itself for a substantial global footprint by enhancing its primary operations and showcasing its unique solutions to companies and consumers worldwide.
The Series A funding witnessed Money Forward, Inc. taking the lead, followed by an impressive roster of new investors like Galaxy and Samsung Next. The round also saw participation from existing backers such as Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, and more notable names. With this recent round, Mesh’s total funding soars over $32m.
Established in 2020 under the moniker ‘Front Finance’, Mesh recently underwent a rebranding and has grown over the past year, bridging the chasm between digital and traditional financial assets.
Mesh CEO Bam Azizi stated, “We are witnessing a massive shift in which consumers are demanding complete and transparent control over their assets, and expecting the financial services that they use to give them that control. Embedded finance is going to be a $7 trillion market opportunity. Mesh is at the forefront of this transformation.”
By facilitating FinTech entities and financial institutions to connect seamlessly to their users’ financial accounts, Mesh spearheads an initiative that grants consumers a smooth experience, empowering businesses to render superior services.
Within a year of its pivot to a business-centric platform, Mesh has struck partnerships with over 70 firms across the finance and digital asset spectrum. Its integration portfolio now encompasses 300 platforms, reinforcing its ambition to dominate the realm of digital assets and open finance.
As a final note, alongside the funding news, Mesh welcomed Sandy Kimura and Anil Arora, the ex-CEO of Yodlee, to its Board of Directors. Arora commented, “Mesh is changing the way we transfer, exchange, and store assets. I’m thrilled to join Mesh’s Board.”
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