Mesh, a modern financial operating system that simplifies digital asset transfers and account aggregation, has successfully completed a $22 million Series A funding round. The company’s mission is to build an open, connected, and secure financial ecosystem in which users have full control over their assets.
Money Forward, Inc. led the investment, with participation from new investors including Galaxy and Samsung Next, as well as existing investors such as Streamlined Ventures, SNR.VC, and more. This brings Mesh’s total funding to over $32 million.
Mesh, formerly known as Front Finance, rebranded as an enterprise-focused financial platform that bridges the gap between digital and traditional financial assets. The company has rapidly gained market traction, partnering with more than 70 companies across finance and digital assets in a year.
Mesh allows fintech companies and financial institutions to connect to users’ financial accounts to perform key functionalities like ‘write’ and ‘transfer’. The company aims to provide consumers with a frictionless experience and enable businesses to offer better services to their customers.
The funding will accelerate Mesh’s push for broad adoption of its solutions and enhance the transactional aspects of its connection layer to develop use cases like deposits, payments, and payouts.
Mesh is poised to become a leading solution for digital assets and open finance, playing a pivotal role in the embedded finance transformation. Sandy Kimura and Anil Arora, former CEO of Yodlee, have joined Mesh’s Board of Directors to support its growth and vision.
“We are thrilled to be a part of the company’s journey to mass adoption,” said Sandy Kimura, Money Forward Group Executive Officer and Head of Global Strategy.
“Mesh is changing the way we transfer, exchange, and store assets in a secure, transparent, and compliant way,” said incoming Board Member Anil Arora. “I’m thrilled to join Mesh’s Board, as they have advanced the embedded finance tech stack and have the leadership and team to pave the way for their long-term success.”