Italian cryptocurrency wallet provider, Conio, has announced a new open banking partnership with Mesh Connect, a digital asset integration platform headquartered in the US.
The partnership will allow Conio’s 430,000 users to access ten leading cryptocurrency exchanges directly through the Conio app. This integration eliminates the need for cumbersome processes such as scanning QR codes for transactions. Utilizing open banking technology, a single Mesh Connect account can authenticate users across more than 300 centralized crypto exchanges and self-custody wallets, significantly simplifying the crypto trading and management process.
Founded in 2015, Conio is backed by Poste Italiane, Banca Finint, B Heroes, and Banca Generali Private. The crypto wallet provider has raised a total of $20.5 million, most recently a $14 million Series B led by Banca Generali.
Mesh Connect, founded in 2020 and headquartered in San Francisco, was previously known as Front Financial. It’s backed by a number of prominent investment firms, including Plug and Play Ventures, PayPal Ventures, Samsung Next, and Rembrandt Venture Partners. Its most recent funding was a $22 million Series A, which it closed in January 2024, bringing its total fundraising to $32 million.
Announcing this new open banking partnership, Bam Azizi, Founder and CEO of Mesh, said:
“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 founder 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.”