Mesh announced it has raised $75 million in a Series C round that values the company at $1 billion, positioning the crypto payments network as a bid to make digital assets easier to spend and settle across a fragmented ecosystem of wallets, exchanges, chains, and stablecoins. The company said the financing brings its total funding to more than $200 million.
Dragonfly Capital led the round, with Mesh saying Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures also participated. Mesh framed the raise as a bet on infrastructure as the crypto sector shifts from experimentation toward everyday use cases, with merchants and consumers seeking faster settlement and lower friction than traditional card and bank rails.
Mesh said the new capital will support product development and international expansion, highlighting growth plans across Latin America, Asia, and Europe, and pointing to prior moves such as an expansion into India. The company cited India’s younger, tech-oriented population and more than $125 billion in annual remittances as drivers for that market entry.
At the center of Mesh’s pitch is interoperability, which it described as a way to address what it called a “stablecoin paradox”: the proliferation of stablecoins and blockchains increases choice while also creating new pockets of liquidity that are not easily interchangeable. Mesh said that in 2025, stablecoins reached a $300 billion market cap and processed more than $27 trillion in annual transaction volume, while also creating complexity for users who must navigate multiple platforms and network options.
Mesh said its network is asset agnostic and designed to enable “any to any” payments, allowing consumers to pay with whatever digital asset they hold while enabling merchants to receive settlement in the stablecoin or fiat currency they prefer. The company said its proprietary SmartFunding technology routes transactions so the user experience feels unified even as the underlying payment and conversion steps span different chains, tokens, and platforms.
As part of the round, Mesh said a portion of the Series C financing was settled using stablecoins, which it positioned as a demonstration that blockchain native settlement is viable for institutional-grade transactions when execution, auditability, and controls are in place.
KEY QUOTES
“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.”
Bam Azizi, Co-founder and CEO, Mesh
“Payments are entering a new era where value moves as software. Mesh is building the interoperability layer that makes crypto practical at scale: consumers can spend any asset, merchants can settle instantly in the stablecoin or fiat they want, and the complexity stays under the hood. That ‘any-to-any’ experience is exactly what mainstream adoption demands, and we’re excited to lead this round as Mesh becomes the universal network for global, compliant crypto payments,”
Rob Hadick, General Partner, Dragonfly
