Italian cryptocurrency pockets supplier, Conio, has introduced a brand new open banking partnership with Mesh Connect, a digital asset integration platform headquartered within the US.
The partnership will permit Conio’s 430,000 customers to entry ten main cryptocurrency exchanges immediately by means of the Conio app. This integration eliminates the necessity for cumbersome processes comparable to scanning QR codes for transactions. Utilizing open banking expertise, a single Mesh Connect account can authenticate customers throughout greater than 300 centralized crypto exchanges and self-custody wallets, considerably simplifying the crypto buying and selling and administration course of.
Founded in 2015, Conio is backed by Poste Italiane, Banca Finint, B Heroes, and Banca Generali Private. The crypto pockets supplier has raised a complete of $20.5 million, most not too long ago a $14 million Series B led by Banca Generali.
Mesh Connect, based in 2020 and headquartered in San Francisco, was beforehand often known as Front Financial. It’s backed by a lot of distinguished funding companies, together with Plug and Play Ventures, PayPal Ventures, Samsung Next, and Rembrandt Venture Partners. Its most up-to-date funding was a $22 million Series A, which it closed in January 2024, bringing its complete fundraising to $32 million.
Announcing this new open banking partnership, Bam Azizi, Founder and CEO of Mesh, mentioned:
“Open banking is Europe’s next major catalyst for digital asset adoption, and with our partnership with Conio, we are deploying the infrastructure to make safe and seamless aggregation and crypto transfers possible for hundreds of thousands of users in the region.”
Christian Miccoli, CEO and founding father of Conio, added:
“Our mission is to make the world of digital assets accessible and secure for everyone. This collaboration with Mesh is a crucial step towards consolidating an integrated ecosystem that simplifies the use of secure custody solutions like Conio’s. We are excited to offer our users a unique platform for managing their assets, combining security, simplicity, and direct access to leading exchange platforms.”
