Crypto payments network Mesh has successfully closed a $75 million Series C funding round, elevating its valuation to a significant $1 billion. This latest capital injection brings the company's total funding to over $200 million, reinforcing its mission to build a universal network for the tokenized economy. The firm aims to solve critical infrastructure challenges as digital assets move toward mainstream adoption.
Addressing Crypto Market Fragmentation
The digital asset landscape is inherently fragmented, with countless tokens, blockchains, and wallets creating a disjointed user experience. Mesh CEO Bam Aziz highlighted that this fragmentation introduces significant friction into payments, hindering widespread use. The company's core strategy is to build the unifying infrastructure that connects these disparate systems into a cohesive whole.
Mesh addresses this challenge by creating a single "network of networks" that unites the global crypto market. This integrated layer allows payments and conversions to function seamlessly across different platforms by default. By focusing on this foundational infrastructure, Mesh aims to make traditional card rails obsolete for the emerging digital economy.
Innovative SmartFunding Technology
At the heart of Mesh's platform is its proprietary SmartFunding orchestration technology, which enables "any-to-any" payments. This system allows consumers to pay with any digital asset they hold, regardless of the merchant's preference. The technology automatically handles the conversion, providing a frictionless experience for the end-user.
For businesses, this innovation eliminates the complexities of accepting various cryptocurrencies while ensuring they receive funds in their desired currency. Merchants benefit from instant settlement, bypassing the slow processing times and high fees associated with traditional financial systems. This capability is central to Mesh's vision for a more efficient, borderless commercial environment.
Strategic Funding and Investor Confidence
The Series C round was led by Dragonfly Capital, with significant participation from industry heavyweights like Paradigm, Coinbase Ventures, and SBI Investment. This strong backing from prominent venture firms underscores the market's confidence in Mesh's approach to solving crypto's interoperability problem. The investment validates the growing demand for robust infrastructure over speculative token issuance.
Demonstrating the real-world utility of its own system, Mesh settled a portion of the funding round using stablecoins. Rob Hadick, General Partner at Dragonfly, noted that Mesh is building the critical interoperability layer needed for crypto to operate at scale. This milestone proves that blockchain-native settlement is ready for high-stakes, enterprise-grade financial transactions.
Fueling Global Expansion and Future Growth
With the new capital, Mesh plans to accelerate its global expansion into key markets across Latin America, Asia, and Europe. This strategic growth will extend the reach of its universal payments network and support a growing international customer base. The funding will be instrumental in scaling operations and investing in the infrastructure required for a truly global tokenized economy.
This expansion is designed to fuel further product development and strengthen its network, which already serves over 900 million users worldwide. The company has previously made inroads into India, leveraging the nation's large remittance market and tech-savvy population. These efforts are part of a broader strategy to make all digital assets universally spendable.
This $75 million funding round and new $1 billion valuation mark a pivotal moment for Mesh as it solidifies its position as a leader in crypto payment infrastructure. By tackling market fragmentation and enabling seamless asset transfers, the company is paving the way for the next era of digital commerce. As Mesh expands its global footprint, it moves closer to its goal of creating a truly unified and frictionless financial world.