Crypto payments firm Mesh has raised $75 million in Series C funding, reaching a $1 billion valuation as it expands its mission to unify fragmented digital asset payment rails worldwide.
Major Funding Round Sees Mesh Hit $1 Billion Valuation
Mesh, a global crypto payments network, has secured $75 million in a Series C funding round, pushing its valuation to $1 billion and total capital raised past $200 million. The round was led by Dragonfly Capital, with backing from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.
The funding underscores growing investor confidence in crypto infrastructure as the industry shifts toward real-world adoption. Mesh positions itself as a neutral, asset-agnostic payments layer designed to connect wallets, blockchains, and digital assets into a single, interoperable network, sidestepping the slow settlement times and high fees common in traditional payment systems.
With the new capital, Mesh plans to accelerate expansion across Latin America, Asia, and Europe, while continuing to invest in product development. The company says its network already reaches more than 900 million users globally. Mesh has also added support for Ripple USD and formed partnerships with Paxos and Rain.
CEO and co-founder Bam Azizi said crypto’s rapid innovation has created fragmentation that ultimately hurts user experience.
We are focused on building the necessary infrastructure now to connect wallets, chains, and assets, allowing them to function as a unified network. This funding validates that the winners of the next decade won’t be those who issue the most tokens, but those who build the network of networks that makes traditional card rails obsolete.
At the core of Mesh’s offering is its proprietary Smartfunding technology, which enables “any-to-any” payments. Consumers can spend any supported crypto asset, while merchants receive instant settlement in their preferred stablecoin, such as USDC or PYUSD, or local fiat currency, including dollars or euros.
Read more: Tether Dominates Crypto Revenue With $5.2 Billion in 2025
The timing aligns with explosive stablecoin growth. In 2025, stablecoins reached a $300 billion market capitalization and processed more than $27 trillion in annual transaction volume. While this growth signals maturity, it has also introduced new liquidity silos across chains and issuers. Mesh aims to act as the interoperability layer that reconnects those silos.
Notably, part of the Series C round itself was settled using stablecoins, a move Mesh says demonstrates that blockchain-native payments are ready for enterprise-scale, high-value transactions.
FAQ 💳
- Why did Mesh raise $75 million in Series C funding?
To scale its crypto payments network and unify fragmented digital asset rails globally. - What makes Mesh different from other crypto payment firms?
It offers an asset-agnostic layer enabling any-to-any crypto payments with instant settlement. - Where will Mesh expand next?
The company plans growth across Latin America, Asia, and Europe. - Why does this funding matter for crypto adoption?
It signals rising institutional confidence in stablecoin-powered, real-world payment infrastructure.