Announces $12M TPV in 12 Weeks and $2M Pre-Seed Funding Round
SAN FRANCISCO--(BUSINESS WIRE)--Mesta, a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-border payment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade. Since its launch just 12 weeks ago, the platform has already processed $12 million in Total Payment Volume (TPV), demonstrating rapid market adoption. The milestone aligns with a critical macro trend: the urgent need for efficient, secure digital payments.
The company also announced it raised $2 million in pre-seed funding led by Garuda Ventures, with participation from Canonical Crypto, Everywhere Ventures, and Inventum Ventures. The funding underscores confidence in Mesta’s mission to transform cross-border payments, a $44 trillion market, with faster, cost-effective, and reliable payment solutions.
Founded in 2024 by Sandeep Pyapali – an Uber, BILL, and PayPal alum who scaled the Uber Payment Network to 70+ countries – Mesta aims to make global payments as seamless as sending a text. “This funding is more than financial backing; it’s a testament to the power of our mission,” said Pyapali. “By merging traditional real-time payment systems with stablecoin rails, we’re setting a new standard for cross-border payments, making them accessible, efficient, and secure for everyone.”
“Cross-border payments are plagued with inefficiencies that frustrate businesses and individuals alike,” said Rishi Taparia, Co-founder and General Partner at Garuda Ventures. “Mesta’s innovative platform bridges the gap between stablecoins and fiat currencies, making it a game-changer in global finance.”
Mesta’s customer-centric approach has already delivered significant benefits. “Mesta has helped us significantly improve our payments to India and Singapore by offering faster and cheaper payments,” said Dalpat Prajapati, CPO of CopperX, a global Web3 payments company. “Combined with responsive customer support and seamless integration, Mesta has helped CopperX grow its business.”
Anand Iyer, Founder of Canonical Crypto, added, “Mesta’s seamless integration of stablecoins into traditional banking systems represents a step-function improvement in cross-border payments. Their technology addresses a long-standing problem with an elegant solution.”
Scott Hartley, Managing Partner at Everywhere Ventures, highlighted the platform’s broader impact: “Mesta is not just building a payment network; it’s building trust in a landscape where transparency and security are paramount.”
With its new funding, Mesta plans to scale operations, onboard more customers, and expand into new markets. The company’s innovative blend of stablecoin and fiat payment technologies positions it as a leader in the digital payment revolution.
About Mesta
Mesta is a next-generation API-driven Global FIAT+Stablecoin payment network that combines real-time fiat and blockchain-powered stablecoin rails to deliver unparalleled cost savings and speed for global payments. Supporting USD/EUR/GBP/USDC/USDT to 50+ global currencies across 100+ countries, Mesta focuses on trust, transparency, and innovation.
For more information, visit www.mesta.xyz or contact media@mesta.xyz.
Contacts
Press Contact:
Rohit Lingineni
Marketing Head
Email: media@mesta.xyz
Phone: +1-650-885-5730