Crypto payment firm Mesh has managed to raise $75 million in its Series C funding round. The funding has seen the company’s valuation reach $1 billion, while its total funding has exceeded $200 million.
Mesh has confirmed that the funding round was led by Dragonfly Capital. Other participating firms in the funding round include Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.
Mesh has added that traditional payment systems are still facing challenges. The challenges include long settlement times and high costs. The company has confirmed that it is working toward reducing these two issues.
Mesh CEO Bam Azizi said that the funding round is a sign of change in the market. The market has shifted from token issuance to infrastructure. The CEO has confirmed that the next generation of digital payments will be shaped by the firms that create successful networks.
Azizi added that the company is working toward replacing traditional card rails. The funding round will help the company create a new layer that will connect wallets, blockchains, and assets.
Mesh explained that their platform seeks to create a connective tissue between various ecosystems. They said that such collaboration is vital to achieving success at scale. The market has moved beyond rewarding new asset launches and now seeks to reward those that can ease movement between existing assets.
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The company said that their reach of over 900 million users through integrated partners provides a foundation to scale further. The company will use these funds to expand into Latin America, Asia, and Europe, as well as to enhance their product.
Mesh has been able to scale to India as well. They said that this region has high digital activity and significant remittance flows annually. The company announced support for Ripple USD and will partner with Paxos and Rain.
Mesh said that stablecoins reached a $300 billion market capitalization and a yearly transaction volume of more than $27 trillion in 2025. Despite this success, liquidity remains fragmented across various networks. The company said that the situation slows their adoption.
SmartFunding technology seeks to create an ‘any-to-any’ experience. Users can pay with Bitcoin, Solana, and more. Merchants can settle instantly with USDC, PYUSD, and fiat currencies. This creates a consistent payments layer that eases complexities for both users and merchants.
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