Meld secures $7m to expand global stablecoin network

Meld secures $7m to expand global stablecoin network

Meld, a provider of infrastructure for accessing digital assets and stablecoins, has closed a $7m strategic funding round to support the expansion of its global network and accelerate go-to-market initiatives.

The funding round was led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital.

Through its platform, Meld enables seamless access and conversion between more than 150 fiat currencies and a wide range of stablecoins and tokens via a single app integration.

The company focuses on supporting use cases such as global payouts, remittances and cross-border trade settlement, allowing product managers and developers to deliver both pay-in and pay-out services in over 180 countries using local payment methods, card rails and virtual account-enabled banking infrastructure.

Meld also supports onboarding to native blockchains including Ethereum and Solana. The company works with partners such as Uniswap, Phantom and MetaMask to provide compliant and secure cross-border access to digital assets.

As part of the funding, Meld plans to expand its sales team, grow its global network footprint and further develop its customer success infrastructure to support a growing client base. The company currently works with more than 50 partners worldwide and has raised $15m in total funding to date.

Meld founder & CEO Pankaj Bengani said, “Stablecoins are becoming the rails for global commerce, but accessing them remains unnecessarily complex for developers and end users alike. 

“This strategic funding allows us to expand the Meld Network and make digital assets as accessible as traditional payment methods, while enabling product managers and developers to build the next generation of financial applications.”

Lightspeed Faction deal partner Will Leas said, “Meld is solving the fundamental challenge of moving seamlessly between fiat and crypto, which is increasingly essential as stablecoins become a preferred rail in global payments.

“We believe Meld has the ability to scale to meet demand from developers and merchants who need simple, compliant access to digital currencies across every major market.”

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