Global fintech funding: Crypto fintech Mesh gains funding through stablecoin

While fintech funding remains under the highs of 2020 and 2021, crypto companies were able to raise money in the first half of 2025 as stablecoin interest revved up. The global fintech market saw $44.7 billion in investments during the first half of the year, the lowest six-month period since the first half of 2020, according to KPMG’s Pulse of Fintech report, published in July. Crypto and digital asset companies were a bright spot for the financial services, the report stated. During H1, crypto and digital asset companies attracted the most fintech investment globally at $8.4 billion, compared to $10.7 billion during all of 2024. Here are four digital asset fintechs that recently raised money: Mesh raises undisclosed amount in PYUSD Crypto payments network Mesh raised an undisclosed amount from investors including PayPal , Coinbase , SBI Investment and Overlook Ventures . A big part of the money was through PayPal stablecoin PYUSD, bringing its total raise to more than $130 million, Mesh co-founder and Chief Executive Bam Azizi told Bank Automation News . Mesh had raised $120 million through March, Azizi said. “We used our proprietary technology to securely transfer the investment in PYUSD,” Azizi said. “The core idea was to prove firsthand that a transaction of this scale could be instant, transparent and available 24/7 without needing traditional bank wires.” The money will primarily be used to scale Mesh’s product and accelerate its expansion across the global payments industry, Azizi said, adding that “we already power hundreds of crypto platforms, and we'll be expanding our product development, scaling our APIs and building out our infrastructure to support thousands more.” The money will help Mesh in “securing a dominant position as stablecoins transform the payments industry,” Azizi said. Ng.Cash lands $26.5M in series B Sao Paolo-based Ng.Cash has raised $26.5 million in series B funding from New Enterprise Associates and Andreessen Horowitz (a16z) , among others, according to the fintech and stablecoin company’s Aug. 5 release. The capital will be deployed to accelerate new payments products while keeping a disciplined path on revenue and cash generation, Mario Augusto Sa , CEO at Ng.Cash, told BAN . “Our priority is to scale graduation products for customers who are 18 and older and to keep investing in AI and stablecoins,” Sa said. “We are building the financial institution for the new generations, and we need to create these products for them.” The company aims to let customers hold and move a dollar-linked balance using trusted USD stablecoins – including USDC and USDT – with on and off ramps integrated into Brazilian instant payment network Pix, Sa said. “The use cases are saving in dollars, travel, ecommerce and simple cross-border flows all within Brazilian rules,” Sa said. “We also plan to provide loans in stablecoins and use stablecoins as lending collateral.” Ng.Cash is building AI-based scoring that learns from NG transactions and user behaviors to price risk and expand financial access responsibly, he said. The fintech has 3 million active users and aims to expand its services throughout Latin America, Sa said. “The majority of the new generation across LatAm still relies on cash, and we will solve that problem starting from Brazil,” he said. “When we expand, we will operate through licensed entities or regulated partners in each country, carrying forward our compliance playbook that includes full KYC and AML, data protection and consumer duty standards.” HoneyCoin secures $4.9M in seed funding Nairobi, Kenya-based crypto company HoneyCoin raised $4.9 million in seed funding from Flourish Ventures and Visa Ventures among others, according to a release from the company on Aug 13. The company has raised $5 million since its inception in 2021, according to Crunchbase . HoneyCoin enables customers to collect payments and transfer money in real time using stablecoins and traditional rails, according to the company. With upcoming launches including Visa -backed debit cards and BaaS solutions, HoneyCoin is positioned to become the go-to infrastructure layer for cross-border payments across Africa and beyond, according to a company LinkedIn post. Zodia raises $18.25M in series A funding Standard Chartered -backed company Zodia Markets has raised $18 million in series A funding from Circle Ventures and Human Capital , according to the company’s July 28 release. The London-based company provides infrastructure for financial institutions to provide stablecoins to their customers, according to Crunchbase. Zodia supports more than 20 fiat currencies including U.S. dollars and more than 70 digital assets, the release stated. “This investment will support the firm’s continuing geographic expansion and support the growing capability of stablecoin-based payment orchestration,” CEO Usman Ahmad said in the release. Check out our exclusive new bank industry data here .

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