Crypto payments startup Mesh has joined the ranks of billion-dollar companies after raising $75 million in a Series C funding round that pushed its valuation to $1 billion. The latest investment underscores growing confidence in payment infrastructure that bridges the gap between traditional finance and the fragmented world of digital assets.
The funding round was led by Dragonfly Capital, with participation from prominent investors including Paradigm, Coinbase Ventures, Moderne Ventures, SBI Investment, and Liberty City Ventures. With this raise, Mesh has now secured more than $200 million in total funding, cementing its status as one of the most heavily backed firms in the crypto payments space.
Mesh positions itself as a solution to one of crypto’s longstanding challenges: fragmentation across blockchains, wallets, and digital assets. Its platform is designed to allow businesses to accept payments from customers using virtually any cryptocurrency, while enabling merchants to receive instant settlement in their preferred stablecoin or even fiat currency. By abstracting away technical complexity, the company aims to make crypto payments as seamless as traditional card-based transactions, without the delays and fees often associated with legacy financial rails.
The company says the fresh capital will be used to accelerate its global expansion, with a focus on markets in Latin America, Asia, and Europe. This follows recent growth initiatives in India and strategic partnerships with firms such as Ripple, Paxos, and Rain. Mesh also claims to have worked with major financial and payments brands, including PayPal and Revolut, and reports processing close to $10 billion in monthly transaction volume through its network.
According to Mesh co-founder and chief executive Bam Azizi, the rapid proliferation of tokens and blockchain protocols has created friction for everyday payments. He argues that while innovation has flourished, the lack of interoperability has limited real-world usability. Mesh’s goal, he said, is to build the foundational infrastructure that connects disparate systems into a single, unified network capable of supporting global commerce at scale. Azizi added that long-term winners in the crypto sector are unlikely to be those issuing the most tokens, but rather those creating the connective tissue that allows value to move freely.
The company’s role has become increasingly relevant amid the rapid growth of stablecoins, which are emerging as a preferred settlement layer for digital payments. Mesh’s proprietary “SmartFunding” technology allows consumers to spend volatile assets such as Bitcoin or Ether, while shielding merchants from price swings by settling transactions instantly in stablecoins or local currency. Notably, part of the Series C funding itself was completed using stablecoins, highlighting the practical application of the technology the firm is promoting.
Dragonfly Capital general partner Rob Hadick said the payments industry is entering a phase where value moves more like software than money, and described Mesh as a critical interoperability layer that makes crypto viable at scale. As regulatory clarity improves and demand for faster, borderless payments grows, Mesh’s billion-dollar valuation reflects rising expectations for infrastructure capable of supporting the next generation of digital commerce.
