Crypto Management Startup Mesh Partners with CoinMENA to Enhance Crypto Transactions in the Middle East

Crypto startup Mesh (formerly known as Front Finance) has announced a strategic partnership with the Bahrain-regulated crypto trading platform CoinMENA to expand its services across the Middle East and North Africa.

Streamlined Crypto Transactions

In a press release dated September 18, Mesh revealed that this partnership will allow CoinMENA users to leverage its API-based solutions. These solutions are designed to streamline crypto transactions across various platforms, making the process more efficient and user-friendly.

“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.”

Regulatory Compliance and Market Reach

CoinMENA operates under the regulation of Dubai’s Virtual Asset Regulatory Authority and serves users across seven Middle Eastern countries. CoinMENA co-founders Talal Tabbaa and Dina Sam’an emphasized that this partnership aligns with their commitment to providing the most efficient gateway for MENA investors to access the crypto market.

Investment and Growth

Founded in 2020 by Bam Azizi and Adam Israel, Mesh secured $22 million in a Series A funding round in September 2023. This capital infusion was led by Money Forward and supported by other notable investors, including Galaxy and Samsung Next. At the time, Azizi stated that the funds would be used to further develop tools for deposits, payments, and payouts.

Previous Collaborations

In early July, Mesh teamed up with the Italian crypto wallet Conio, aiming to broaden its reach to multiple crypto trading platforms such as Coinbase and Binance. Following this collaboration, Mesh announced that Conio’s 430,000 customers could access 10 crypto exchanges and withdraw funds directly into their Conio wallets.

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