#United States #San Francisco #Seed Funding #Cross-Border Payments #Mesta

Mesta Secures $5.5 Million Seed Round for Cross-Border Payments

Mesta, a pioneering network that integrates fiat and stablecoin payment systems, has recently announced a successful $5.5 million seed funding round. Led by Village Global, this funding also saw contributions from notable investors such as Circle Ventures, Paxos, and WTI—Western Technology Investment. Existing supporters, including Garuda Ventures and Canonical Crypto, have reaffirmed their commitment to the ambitious startup.

The financial boost will allow Mesta to broaden its range of global payment features while simultaneously reinforcing its international teams. Furthermore, the company plans to accelerate its growth as it continues to transform the landscape of cross-border payments. Within just 11 months of its launch, Mesta has cemented its position as one of the fastest-growing networks in the cross-border payment sector, processing over $140 million in total payment volume (TPV).

Addressing the Pain Points of Cross-Border Payment

Historically, businesses have faced significant challenges when dealing with cross-border payments, often having to choose between speed and cost. Mesta addresses this critical pain point by melding the stability and reliability of fiat rails with the efficiency of stablecoin rails. The outcome is a hybrid payment network that is not only faster and cheaper but also more efficient than traditional systems.

The Mesta platform supports a wide range of cross-border payment applications, such as payroll, bill payments, and supply chain transactions. Its clientele includes a mix of companies from the Web2 and Web3 domains, extending from payment processors and SMB fintechs to crypto wallets and OTC desks. Mesta facilitates transactions in multiple currencies, including USD, EUR, GBP, USDC, USDT, USDG, and PYUSD, and enables conversion into over 40 global stablecoins without the complexities of outdated legacy systems, notably SWIFT.

Speed, Cost, and Compliance

When it comes to transaction settlement, Mesta shines, offering some of the fastest processing times in the industry. Many settlements are completed within a few minutes, and businesses have reported saving over 50% on transaction fees compared to traditional methods. The hybrid rails Mesta employs provide unmatched cost and speed advantages, eliminating the requirement for pre-funded pools.

Sandeep Pyapali, the Founder and CEO of Mesta, emphasizes the company's mission to revolutionize global financial transactions: "Our goal at Mesta is to transform the mechanisms by which money flows across borders — achieving faster speeds and reduced costs, without compromising compliance requirements. Within a year, we have proven that there is a market for a hybrid model combining fiat and stablecoin services. This recent funding allows us to focus on scaling our network further, enabling seamless money movement between any two fiat currencies globally."

Seizing Market Opportunities

The recent establishment of the Genius Act, alongside rising liquidity and the increasing acceptance of stablecoins, presents a promising market and regulatory landscape for enterprise-grade blockchain-based payments. Mesta foresaw this convergence and effectively built a network that combines cutting-edge blockchain innovations with regulated fiat corridors, positioning itself as a leading infrastructure provider for the burgeoning global money movement.

Experienced Leadership Driving Success

Sandeep Pyapali’s rich background, which includes spearheading the Uber Global Payment Network and significant leadership roles at PayPal and BILL, uniquely equips him to navigate the intricacies of developing a compliance-focused, enterprise-grade payment network. His insight into the real-world challenges faced by payments teams powers Mesta's drive for innovation.

Investor Confidence and a Bright Future

Jacob Mullins, Venture Partner at Village Global, notes that the cross-border payments sector remains plagued by inefficiencies. "Mesta's hybrid rails, merging stablecoin ease with fiat robustness, provide a tangible solution that the market has been anticipating. We are thrilled to support Sandeep and the talented Mesta team in their quest to facilitate faster and more efficient cross-border transactions."

With a robust network of strategic alliances comprising leading fintech firms, liquidity providers, and banks, Mesta is not only building a resilient payment network but also setting itself up to become the standard for global cross-border financial transactions. As this innovative company continues to evolve, it stands as a testament to the transformative potential of integrating traditional and digital payment systems.

About Mesta

Mesta is a global payment network that combines fiat and stablecoin technologies to redefine cross-border payments with speed, efficiency, and cost efficacy while maintaining a compliance-first approach. Launched in 2024, Mesta has quickly achieved impressive milestones, with over $140 million in processed transaction volume, serving an expansive network of fintechs, payment companies, trade aggregators, and wallets. Founded by Sandeep Pyapali, Mesta is backed by prominent investors, including Village Global, Circle Ventures, Paxos, and others. For further details, please visit Mesta.