Mesh has closed a $75 million Series C funding round that brings the crypto payments network’s valuation to $1 billion.
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Dragonfly Capital led the round, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. A portion of the round was settled using stablecoins.
Mesh helps businesses to integrate crypto transfers and payments directly into their existing platforms, eliminating the need for users to switch between platforms. Its technology supported the launch of PayPal’s Pay with Crypto service, which allows users to pay with a wide range of cryptocurrencies and eligible wallets.
The round accelerates Mesh’s expansion into regions like Latin America, Asia and Europe, fueling product development and strengthening a global network that already reaches more than 900 million users worldwide. Previously, the company announced its expansion into India, citing the country’s young, tech-savvy population and $125B+ in annual remittances as reasons for the move.
“Crypto is crowded by design, with new tokens and new protocols emerging every day,” says Bam Azizi, CEO, Mesh. “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.