When a company wants to pay its employees in different countries using stablecoins, it encounters a roadblock: many countries use different stablecoin service providers. There is Yellow Card in South Africa, Onmeta in India, and so on. Pankaj Bengani, a veteran of payment giant Block, founded Meld in part to fix this issue. He is building a network that aims to be a one-stop shop for companies and individuals to access and convert digital assets globally.
The startup announced on Wednesday that it raised $7 million dollars in a funding round led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital, which brings their total capital raised to $15 million. Bengani, the founder and CEO of Meld, did not disclose his company’s valuation in an interview with Fortune.
