Meso Raises $9.5M to Bridge Crypto and Banking With 1.5% Transfer Fee
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Meso is a new payment platform that connects crypto wallets to bank accounts, allowing easier transfer of funds between digital assets and fiat currencies.
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Meso aims to simplify the crypto onboarding process by integrating bank accounts within crypto apps, so users don't have to go to an exchange first.
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The founders previously worked at PayPal, Braintree, and Venmo, bringing their consumer fintech expertise to better integrate TradFi and DeFi.
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Meso charges a 1.5% fee for bank-wallet transfers and has partnered with Cross River Bank and USDC stablecoin.
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Meso raised a $9.5 million seed round led by Solana Ventures and Ribbit Capital.