Mesh raises $22m in Series A funding
Digital asset transfers and account aggregation fintech Mesh raises series A funding round led by Money Forward, Inc.
Mesh, a digital asset transfers and account aggregation company, raised $22m in Series A funding. The round was led by Japanese firm Money Forward, Inc. and included other investors such as Galaxy and Samsung Next. Previous investors Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, the cofounder of Dropbox Arash Ferdowsi, Valon Capital, founding general partner of DCVC, Matt Ocko, Florida Funders, Altair Capital, Network VC, and board member of Coinbase Gokul Rajaram, also took part in the funding round. The San Francisco-based firm now has over $32m in total funding.
"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," said Bam Azizi, co-founder and chief executive of Mesh. "Embedded finance is going to be a $7 trillion market opportunity. Mesh is at the forefront of this transformation for both sides of the marketplace – well-positioned to play a pivotal role in making every digital transaction embedded, secure, and compliant.
The company, founded in 2020, recently rebranded from Front Finance to Mesh in an effort to “better align its brand with its mission.”
In addition to the funding announcement, Mesh added Sandy Kimura and Anil Arora, the former chief executive of Yodlee, to its Board of Directors.