Mesh Network Raises $75M in a Series C Funding Round 

Mesh, a cryptocurrency payments network, has successfully raised $75 million in a Series C funding round, achieving unicorn status with a valuation of $1 billion.

The round was led by Dragonfly Capital, with participation from prominent investors including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.

This brings Mesh’s total funding to over $200 million since its founding in 2020. Mesh is building what it describes as the first global crypto payments network, connecting hundreds of exchanges, wallets, and financial services platforms.

This enables seamless digital asset payments, conversions, and “any-to-any” transactions—allowing users to spend various cryptocurrencies while merchants receive settlements in preferred stablecoins or fiat, with reduced friction from fragmentation across chains and tokens.

Co-founder and CEO Bam Azizi emphasized that crypto’s inherent “crowded” nature with endless new tokens and protocols creates user friction, and Mesh focuses on interoperability to unify wallets, chains, and assets into a single network—positioning it to challenge traditional payment rails’ slow settlements and high fees.

A portion of the funding was reportedly settled using stablecoins, highlighting the infrastructure’s readiness for real-world, enterprise-grade use. The new capital will support: Enhancing its API suite. Expanding engineering and compliance teams.

Global market growth, particularly in Latin America, Asia, and Europe. Mesh’s network already reaches over 900 million users worldwide through its integrations. This raise reflects growing investor focus on crypto infrastructure for practical adoption, especially amid stablecoin growth and regulatory progress, rather than speculative tokens. It’s a strong signal of confidence in scalable, compliant crypto payment solutions during a period of market challenges.

Mesh’s $75 million Series C funding round, led by Dragonfly Capital and achieving unicorn status at a $1 billion valuation, carries several significant implications for the crypto payments landscape, broader blockchain infrastructure, and traditional finance.

Even in a period described as a “relatively depressed spot market” for cryptocurrencies, top-tier investors including Paradigm, Coinbase Ventures, SBI Investment, and others committed substantial capital to payments infrastructure rather than speculative assets.

This signals a shift in priorities: capital is flowing toward practical, scalable solutions that enable real-world adoption, such as unifying fragmented wallets, chains, and tokens for seamless “any-to-any” transactions.

It reinforces that infrastructure plays—especially those addressing interoperability and compliance—are viewed as high-conviction bets for long-term value creation. Mesh positions itself as the “universal” layer for crypto payments, allowing users to spend any asset while merchants receive instant settlements in preferred stablecoins or fiat.

The raise coincides with explosive stablecoin growth, highlighting demand for tools that reduce fragmentation across chains and protocols. Notably, a portion of the funding was settled in stablecoins, demonstrating the infrastructure’s readiness for enterprise-grade, high-stakes use and serving as a proof-of-concept for crypto-native financial operations.

Mesh explicitly targets inefficiencies in traditional rails: slow settlements (days vs. instant), high fees, and cross-border friction. By creating a neutral, interconnected network already reaching 900+ million users via integrations with exchanges, wallets, and platforms like PayPal and Revolut, it could challenge incumbents like Visa/Mastercard in crypto-enabled flows.

Global expansion focus on high-remittance regions (Latin America, Asia, Europe, and recent moves into India) positions Mesh to capture volume in emerging markets where crypto remittances and payments are gaining traction—potentially lowering costs and speeding up value transfer.

This follows similar large raises in the space indicating a mini-boom in payments and stablecoin-focused companies. It underscores a maturing crypto sector: success is increasingly tied to real transaction volume, compliance, and interoperability rather than hype or token speculation.

For developers and fintechs, Mesh’s enhanced API suite could simplify building crypto-native products, accelerating mainstream integration via Apple Pay support and partnerships with Paxos/Ripple.

While bullish for infrastructure, sustained success depends on regulatory clarity especially in expansion markets, competition from players like Stripe’s blockchain initiatives, and actual adoption beyond integrations.

Unicorn status is ceremonial but symbolic—real impact will come from scaling volume and proving lower-friction payments at global scale. Mesh’s raise is a clear vote of confidence that crypto payments infrastructure is entering a production era, with investors betting it can deliver the borderless, low-cost, instant value transfer that traditional finance has long promised but rarely achieved.