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

Crypto management startup Mesh has partnered with broker CoinMENA to streamline crypto transactions in the Middle East.

Crypto startup Mesh (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 press release, 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.

“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

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 Galaxy and Samsung Next. At the time, Azizi said the proceedings would help Mesh further develop tools for deposits, payments, and payouts.

In early July, Mesh teamed up with Italian 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.