Meld raises $7M strategic round led by Lightspeed Faction

Meld has raised $7 million in a strategic funding round to grow its global payments network. The company plans to scale sales, expand into new markets, and support more stablecoin use cases.

Funding details: $7 million (Unspecified)

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San Francisco-based Meld has raised $7 million in a strategic funding round. The round was led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital.

Meld builds infrastructure that helps fintechs and developers move money between fiat currencies and stablecoins. Its network connects more than 150 currencies and supports payouts, remittances, and cross-border payments in over 180 countries.

The company said the new capital will be used to expand its sales team, grow the Meld Network, and improve customer support as demand for stablecoin payments continues to rise.

Founder and CEO Pankaj Bengani said stablecoins are quickly becoming a common way to move money across borders. But access is still too complex for many developers and users. He said the funding gives Meld room to make digital assets easier to use inside everyday financial products.

Meld also supports direct access to blockchains such as Ethereum and Solana. This allows crypto-native users to trade and invest more easily. The company works with products like Uniswap, Phantom, and MetaMask to enable fast cross-border access while staying compliant.

Lightspeed Faction deal partner Will Leas said moving smoothly between fiat and crypto is no longer optional. As stablecoins gain traction in global payments, he believes Meld is well positioned to support developers and merchants across major markets.

Meld currently works with more than 50 partners around the world. Including this round, the company has raised $15 million to date.

Source: PRNewswire