As a seasoned researcher with a keen interest in the burgeoning world of cryptocurrencies and fintech startups, I find this partnership between Mesh and CoinMENA quite intriguing. Having closely followed the crypto landscape for years, I’ve seen countless partnerships aiming to streamline transactions and make cryptos more accessible.
The cryptocurrency management company, Mesh, has teamed up with the broker, CoinMENA, to simplify cryptocurrency transactions across the Middle East region.
The cryptocurrency venture, previously known as Front Finance but now called Mesh, has revealed a strategic alliance with the Bahrain-licensed digital asset trading platform, CoinMENA. This partnership aims to broaden their offerings across the Middle East and Northern Africa region.
In a statement on September 18th, Mesh announced that their collaboration would allow CoinMENA users to take advantage of their API-driven services, specifically tailored for smooth crypto asset transfers between multiple platforms.
Streamlining complex procedures, the integration allows CoinMENA users to effortlessly access their accounts through various other platforms, eliminating the need for lengthy crypto addresses, QR codes, and seed phrases.
Mesh
CoinMENA, a platform regulated by Dubai’s Virtual Asset Regulatory Authority, provides services to users in seven Middle Eastern nations. In response to their recent partnership, Talal Tabbaa and Dina Sam’an, co-founders of CoinMENA, stated that the partnership is well-matched with the needs of their users, providing an extra way for them to load their cryptocurrency wallets and strengthening their dedication to being a seamless route for investors in the MENA region to engage with the crypto market.
As an analyst, I’m excited to share that in 2020, Mesh, a company co-founded by Bam Azizi and Adam Israel, successfully secured $22 million during its Series A funding round, which took place in September 2023. This substantial investment was spearheaded by Money Forward and backed by other esteemed investors such as Galaxy and Samsung Next. At the time, Bam Azizi expressed that this capital influx would enable Mesh to advance the development of our tools for deposits, payments, and payouts.
At the beginning of July, Mesh formed an alliance with the Italian cryptocurrency wallet, Conio. The goal was to extend their presence across various cryptocurrency trading platforms like Coinbase and Binance. As a result of this partnership, Mesh announced that Conio’s 430,000 users would have access to ten different crypto exchanges and could directly withdraw funds into their Conio wallets.
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2024-09-18 14:56