Series C funding shows investors favor crypto payment infrastructure focused on real transactions, scale, and fees.
Digital asset payments network Mesh has pulled in $75 million in a Series C funding round. With this recent investment round, the crypto firm has effectively raised its valuation to $1 billion. As per analysts, the new raise signals continued focus on solving real transaction problems rather than speculative products.
Mesh Hits $200M in Total Funding After New Series C Round
In a Tuesday report, the firm disclosed that Dragonfly Capital led the investment round. Moderne Ventures, Paradigm, SBI Investment, Coinbase Ventures, and Liberty City Ventures also took part in the investment process.
Following the latest round, Mesh’s total capital raised has touched $200 million. The figure also takes into account earlier rounds backed by firms including Paradigm and PayPal Ventures. According to reports, part of the deal was settled directly in stablecoins as firms increasingly get comfortable with blockchain based settlements.
Mesh started out in 2020 and operates as a payments network that connects crypto wallets, blockchains, and digital assets. The firm aims to act as an all-in-one layer that allows users and businesses to access several assets on a single platform.
Company data shows integrations reaching more than 900 million users through exchanges, wallets, and financial platforms worldwide.
As disclosed, Series C capital will support geographic growth and faster product development. The firm’s blueprint includes expansion into areas where demand for low-cost cross-border payments continues to rise. Particularly, Mesh intends to expand to Latin America, Asia, and Europe.
India also stands out as a priority market due to high remittance volumes and a large base of mobile-first users.
Market commentators have pointed to Mesh’s shift in trend towards stable and regulated payment tools. For example, the firm has thrown its weight behind Ripple’s U.S. dollar stablecoin.
At the same time, the company has joined forces with firms such as Paxos and Rain. According to Mesh, these steps help bring crypto payments closer to expected industry standards.
New Funding Highlights Push for Usable Crypto Payment Systems
Chief executive Bam Azizi said the raise reflects a wider change in crypto markets. Attention has moved away from issuing new tokens and toward building systems people can actually use. Faster settlement and lower fees remain central goals as crypto payments compete with card networks and bank rails.
“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,” Azizi explained.
Dragonfly general partner Rob Hadick pointed to Mesh’s “any-to-any” payment model as a key driver of adoption. Allowing consumers to spend different crypto assets without friction removes a major barrier for everyday use, he said.
The funding follows Mesh’s $82 million Series B in 2024, also led by Paradigm, plus a later extension that brought in strategic investors. These rounds position Mesh as one of the better-funded players in crypto payment infrastructure.