Why we invested in Mesh, a leading embedded finance platform
As technology changes the way we think about money and the financial system, finding innovative solutions to complex problems is paramount. One such solution that has captured our attention is Mesh, the modern financial operating system that makes digital asset transfers and account aggregation seamless.
We were particularly drawn to Mesh’s API capabilities and the implications on digital wallet and stablecoin development. Mesh is uniquely positioned to enhance fintechs, financial institutions, exchanges, and wallets. Additionally, Mesh was founded to address the fragmentation that plagues today’s financial landscape across various platforms, from brokerages to bank accounts and wallets. The vast majority of our global financial institutions are built upon decades-old technology, creating massive inefficiencies in settling transactions and a subpar consumer experience. While fintech infrastructure companies have emerged to connect applications through APIs, they typically only offer “read-only” capabilities, such as account balance and transaction history.
Mesh is differentiated in that it allows users to connect different asset classes and accounts with read, write and transfer capabilities. Mesh offers the ability to facilitate trades, make payments, aggregate accounts and transfer digital assets; powering embedded finance solutions that reduce friction for fintechs and established players in the financial services sector. Customers can now add functionality and versatility to their applications, allowing their end-consumers to make payments, trades or transfers without the need to leave and re-enter their apps. With over 70 partners and more than 300 integrations with the leading crypto, fintech, and finance companies, Mesh is a true game-changer.
We’re thrilled to have joined Mesh’s Series A Round led by Money Forward, alongside Galaxy, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Arash Ferdowsi (the Co-founder of Dropbox), Valon Capital, Matt Ocko (the Founding GP of of DCVC), Florida Funders, Altair Capital, Network VC, Gokul Rajaraman, and more. The investment brings Mesh’s total funding to over $32 million.
Mesh is led by Bam Azizi, an experienced tech entrepreneur with a Ph.D. in Computer Science. Bam has a proven track record—he successfully started NoPassword and attracted major enterprise clients. He later sold the company to LogMeIn. Bam’s extensive knowledge of API integrations and security makes him the perfect leader to grow Mesh's portfolio of hundreds across different asset types.
We believe the future of finance is embedded, and Mesh is leading the way.
Carlos Castellanos is an investor at Samsung Next. Samsung Next's investment strategy is limited to its own views and does not reflect the vision or strategy of any other Samsung business unit, including, but not limited to, Samsung Electronics.