Crypto payments network Mesh has reached a $1bn valuation after closing a $75m Series C funding round, securing unicorn status.
The latest round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The raise also takes the company’s total funding to more than $200m.
Founded in 2020, Mesh operates a crypto payments network that connects exchanges, wallets, and financial services platforms to support digital asset payments and conversions across integrated partners.
The company will use the Series C proceeds to expand in Latin America, Asia, and Europe, and to support product development and network growth.
Previously, the crypto payments network announced plans to expand into India, citing annual remittance volumes of more than $125bn and the country’s demographics as factors.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMesh has also announced support for Ripple USD and partnerships with Paxos and Rain.
Mesh co-founder and CEO Bam Azizi said: “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.
“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.”
Mesh positions itself as asset-agnostic and said its SmartFunding technology enables “any-to-any” payments. Under this model, consumers can pay using digital assets they hold, while merchants receive settlement in a chosen stablecoin such as USDC or PYUSD, or in local currency including dollars or euros.
Last year, Mesh announced an Apple Pay integration that it said will enable merchants to accept cryptocurrency payments through Apple Pay.
The company said part of the Series C round settled in stablecoins. Mesh stated that the funding settlement aimed to demonstrate blockchain-based settlement for institutional transactions with auditability and controls.
In March 2025, Mesh raised $82m in a Series B funding round to support product development and API enhancements.
