Mesta Secures $5.5M in Seed Round, Processing $140M in Payments
Mesta, a global fiat and stablecoin payment network, has secured $5.5 million in a seed round led by Village Global. The round also saw participation from several other investors, including Circle Ventures and Paxos.
Founded just 11 months ago, Mesta has already processed over $140 million in total payment volume (TPV). It executes an average of $3 million in daily volume and is expected to surpass $300 million in TPV by the end of the year.
Mesta enables enterprise-grade cross-border payments, supporting multiple currencies including USD, EUR, GBP, and several stablecoins like USDC, USDT, USDG, and PYUSD. The company combines fiat rails for reliability and compliance with stablecoin rails for speed and cost-efficiency, creating a hybrid payment network that is faster, cheaper, and more efficient.
The seed round also included contributions from existing backers such as Garuda Ventures, Canonical Crypto, Everywhere Ventures, and Inventum Ventures. The recently passed Genius Act and the rising liquidity and adoption of stablecoins have created a favorable regulatory and market environment for Mesta's growth.
Mesta will use the funds to expand its global entry features, strengthen its international teams, and accelerate growth worldwide. The company's founder and CEO, Sandeep Pyapali, brings extensive experience from his previous roles at Uber, PayPal, and BILL, further bolstering Mesta's potential in the global payment network space.
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