This week, Meld announced the close of a $7 million strategic funding round led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital. This financing advances Meld’s mission to enable stablecoin-driven use cases and will accelerate the company’s go-to-market efforts, expansion of the Meld Network, and continued development of customer success and operational support capabilities.
“Stablecoins are becoming the rails for global commerce, but accessing them remains unnecessarily complex for developers and end users alike,” said Pankaj Bengani, founder and CEO of Meld. “This strategic funding allows us to expand the Meld Network and make digital assets as accessible as traditional payment methods, while enabling product managers and developers to build the next generation of financial applications.”
Meld offers access and conversion between more than 150 fiat currencies and any stablecoin or token through an app integration on the its network. By enabling stablecoin-driven use cases like global payouts, remittances, and cross-border trade settlement, it provides tools for product managers and developers to deliver pay-out and pay-in use cases in more than 180 countries, and across local payment methods and virtual account enabled bank rails.
Meld supports onboarding onto native blockchains such as Ethereum and Solana to power trading and investment for crypto-native users. It partners with companies including Uniswap, Phantom and Metamask, to deliver instant, cross-border access.
“Meld is solving the fundamental challenge of moving seamlessly between fiat and crypto, which is increasingly essential as stablecoins become a preferred rail in global payments,” said Will Leas, deal partner at Lightspeed Faction. “We believe (they) have the ability to scale to meet demand from developers and merchants who need simple, compliant access to digital currencies across every major market.”
This strategic investment will enable the company to grow its sales department, expand the network globally, and further develop its customer success infrastructure to support a growing base of clients. The company has more than 50 partners across the world and $15 million raised to date.
