TLDR:
- Mesh secures $75M Series C, total funding exceeds $200M, valued at $1B globally.
- Network reaches 900M users, expanding into Latin America, Asia, and Europe.
- SmartFunding tech allows any crypto to be spent, merchants settle instantly.
- Part of Series C funded in stablecoins, proving enterprise-ready blockchain settlement.
Mesh, the global crypto payments network, announced it raised $75 million in a Series C round, bringing total funding to over $200 million and valuing the company at $1 billion.
The round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.
Mesh plans to use the funding to expand its global presence and enhance infrastructure for borderless, tokenized payments.
Global Expansion and Market Reach
Mesh’s Series C round supports its expansion into regions such as Latin America, Asia, and Europe. The company aims to provide faster and more cost-efficient crypto payment solutions across borders.
Previously, Mesh launched operations in India, citing the country’s young population and $125 billion in annual remittances as key drivers.
The network already serves over 900 million users worldwide, and the new funding will strengthen partnerships with Ripple, Paxos, and Rain.
Mesh positions itself as the single network capable of connecting multiple blockchain protocols and wallets. Its unified platform simplifies payments that traditionally required navigating fragmented crypto systems.
Bam Azizi, Co-founder and CEO of Mesh, explained the company’s mission: “Crypto is crowded by design, with new tokens and new protocols emerging every day. That fragmentation creates real friction in the customer payment experience. We are focused on building the necessary infrastructure now to connect wallets, chains, and assets, allowing them to function as a unified network.”
The funding also reflects investor confidence. Rob Hadick, General Partner at Dragonfly Capital, commented: “Payments are entering a new era where value moves as software. Mesh is building the interoperability layer that makes crypto practical at scale: consumers can spend any asset, merchants can settle instantly in the stablecoin or fiat they want, and the complexity stays under the hood.”
Solving Fragmentation and Stablecoin Integration
The growth of stablecoins to a $300 billion market cap in 2025 has led to isolated pockets of liquidity, making transactions complex for users and businesses.
Mesh addresses this fragmentation by providing a neutral layer that allows any asset to be spent universally. This design ensures that all blockchains and digital assets can interoperate seamlessly.
Mesh leverages proprietary SmartFunding technology to enable instant settlement in stablecoins such as USDC or PYUSD, or in local fiat currencies.
Users can pay with Bitcoin, Solana, or other assets while merchants receive their preferred settlement instantly. This system demonstrates how blockchain infrastructure can replace traditional card rails with more efficient networks.
A portion of the $75 million round was completed using stablecoins, showcasing Mesh’s platform for high-volume, real-world financial transactions.
This confirms that enterprise-grade settlement is feasible using blockchain while maintaining auditability and compliance. Institutions can now adopt crypto-native payments with confidence in execution and controls.
Mesh remains asset-agnostic, connecting wallets, chains, and assets into a single system. The Series C round will accelerate product development and adoption, positioning Mesh as a universal network for global payments.
The network’s growth reflects increasing capital investment in infrastructure rather than speculative token markets.