Mesh Raises $75 Million Series C, Hits $1 Billion Valuation to Scale Global Crypto Payments Network

New updates have been reported about Mesh.

Mesh has secured a $75 million Series C round led by Dragonfly Capital, lifting its total funding above $200 million and valuing the crypto payments infrastructure provider at $1 billion. The company positions itself as an asset-agnostic, unified payments network for a borderless, tokenized economy, connecting hundreds of exchanges, wallets, and financial platforms and already reaching an addressable base of more than 900 million users. Capital from this round will accelerate Mesh’s geographic buildout across Latin America, Asia, and Europe, building on its recent entry into India, a key remittance and digital adoption market, and will support further product development, including expanded asset support and new institutional-grade capabilities. Mesh is aiming to replace traditional card and bank rails by allowing consumers to pay with any supported crypto asset while enabling merchants to receive instant settlement in their preferred stablecoin or fiat currency, with its proprietary SmartFunding technology handling routing and conversion behind the scenes.

Management and investors frame Mesh’s strategy around solving fragmentation in the rapidly growing stablecoin and crypto payments market, where stablecoins alone reached a $300 billion market cap and processed over $27 trillion in transactions in 2025. CEO Bam Azizi describes Mesh’s role as building a “network of networks” that connects disparate wallets, chains, and tokens into a single interoperable layer, reducing friction in the customer payment experience and positioning the company as core infrastructure as crypto moves from speculation to real-world usage. Dragonfly’s Rob Hadick characterizes Mesh as the interoperability layer that makes crypto practical at scale, enabling an “any-to-any” experience in which complexity is hidden from end users and merchants. Notably, a portion of the Series C itself was settled in stablecoins, intended as a live demonstration that Mesh’s infrastructure can support high-value, institutional-grade transactions with the auditability and controls required by large counterparties. For executives and investors, this funding round materially strengthens Mesh’s balance sheet, validates its valuation in a competitive infrastructure segment, and sets the stage for accelerated global expansion and deeper penetration of cross-border and merchant payments use cases.