Mesta

Based in the US, Mesta specializes in providing a cutting-edge cross-border payment network that employs blockchain technology for efficient international transactions. Mesta, founded in 2023 and headquartered in San Francisco, US, focuses on facilitating global payments. The company has successfully executed 3 deals and raised USD 5. 50 mn in its SEED funding round led by Village Global, with participation from investors such as Canonical Crypto and Circle Ventures.

Mesta's primary offering is its enterprise-grade cross-border payment network, leveraging real-time blockchain technology to enable efficient international transactions. The platform, an API-driven solution, supports payments in over 50 currencies across more than 100 countries, aiming to cater to multinational corporations and global supply chain businesses. Mesta provides real-time settlement in key markets and within 24 hours in other regions, enhancing transaction speed significantly. Within its first year of operations, Mesta has processed over USD 140 mn in total payment volume.

Its revenue model is based on transaction fees, typically a percentage of the transaction amount, with competitive pricing that claims to be at least 50% lower than its competitors. Mesta facilitates B2B transactions, allowing businesses to engage in efficient same-day and next-day payments in local currencies through its comprehensive API. Mesta plans to expand its services by launching new products aimed at enhancing its payment platform. The company is targeting expansion into additional markets in North America and Europe by mid-2024.

The recent funding will support these initiatives, particularly in developing new features for their API and improving transaction capabilities.