Dina

Galaxy

Read

Dubai

Crypto management startup Mesh has partnered with broker CoinMENA to streamline crypto transactions in the Middle East.
Crypto startup <a href="https://crypto.news/tag/startup/" target="_blank" rel="noopener noreferrer nofollow">Mesh</a> (formerly known as Front Finance) has announced a strategic partnership with Bahrain-regulated crypto trading platform CoinMENA to expand its services in the Middle East and North Africa.
In a Sept. 18 <a href="https://www.prnewswire.com/news-releases/mesh-teams-up-with-coinmena-fze-to-optimize-crypto-onboarding-in-mena-302250822.html" target="_blank" rel="noopener noreferrer nofollow">press release</a>, Mesh said the partnership will enable CoinMENA users to benefit from its API-based solutions, which are designed to streamline crypto transactions assets across various platforms.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “By eliminating cumbersome processes, the integration enables CoinMENA users to access their accounts directly from other platforms without the hassle of long crypto addresses, QR codes, and seed phrases.”
 Mesh
</blockquote>
CoinMENA, which operates under the regulation of Dubai’s Virtual Asset Regulatory Authority, serves users across seven Middle Eastern countries. Commenting on the partnership, CoinMENA co-founders Talal Tabbaa and Dina Sam’an said the partnership “aligns perfectly with our user’s needs, offering an additional method to fund their crypto wallets and reinforcing our commitment to being the most efficient gateway for MENA investors to access the crypto market.”
Founded in 2020 by Bam Azizi and Adam Israel, Mesh secured $22 million in a Series A funding round in September 2023. That capital infusion, led by Money Forward and supported by other investors including <a href="https://crypto.news/tag/galaxy-digital/" target="_blank" rel="noopener noreferrer nofollow">Galaxy</a> and <a href="https://crypto.news/tag/samsung/" target="_blank" rel="noopener noreferrer nofollow">Samsung</a> Next. At the time, Azizi said the proceedings would help Mesh further develop tools for deposits, payments, and payouts.
In early July, Mesh <a href="https://crypto.news/paypal-backed-fintech-startup-mesh-teams-up-with-italys-crypto-wallet-conio/" target="_blank" rel="noopener noreferrer nofollow">teamed up</a> with&nbsp;Italian&nbsp;crypto wallet Conio, aiming to broaden its reach to multiple crypto trading platforms such as Coinbase and Binance. Following the collaboration, Mesh said Conio’s 430,000 customers could access 10 crypto exchanges and withdraw funds directly into their Conio wallets.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/coinmena-earns-dubai-vasp-license-for-virtual-asset-brokerage/"> CoinMENA earns Dubai VASP license for virtual asset brokerage </a>

Samsung-backed crypto startup Mesh partners with CoinMENA to expand services in MENA

crypto.news

Other articles published on Sep 18, 2024

Partner of ex-FTX exec pleads not guilty to campaign finance charges

Markets Respond to the Federal Reserve’s Bold Decision to Lower Interest Rates

Bitget Global User Base Exceeded 45 Billion

NEAR’s Path to $6 Hasten as Fresh Bullish Momentum Signals a Potential Breakout

Former Alameda Research CEO Very Cooperative During Trial Involved in FTX

Bitcoin Billionaire’s 5 Best Picks for 2024 – Ethereum and New Token Lead the Charge!

Join our free newsletter for daily crypto updates!