Crypto payments firm Mesh becomes unicorn after $75M round
San Francisco–based crypto payments infrastructure company Mesh has raised $75 million in a Series C funding round, joining the ranks of industry unicorns and planning to use the funds to expand its payments network across Europe, Asia, and Latin America.
According to an announcement published on Tuesday, the $75 million Series C round included participation from Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures, and Liberty City Ventures, led by Dragonfly.
Following the round, Mesh’s total funding exceeded $200 million, while the company’s valuation reached $1 billion.
Mesh noted that part of the funding was settled using stablecoins rather than traditional banking systems, symbolizing the company’s readiness to deploy the capital immediately.
Geographic and product expansion
Mesh recently entered the Indian market, citing the country’s large, tech-savvy population and more than $125 billion in annual remittances as key drivers behind the move.
The newly raised funds will be used to expand Mesh’s crypto payments network in regions such as Latin America, Asia, and Europe, as well as to support the development of new products.
“Payments are entering a new era, where value moves like software. Mesh is building an interaction layer that makes crypto practical at scale: consumers can spend any asset, merchants can instantly settle in the stablecoin or fiat currency of their choice, and all the complexity remains hidden,” said Rob Hadick, General Partner at Dragonfly, commenting on the investment.
Founded in 2020, Mesh operates a network that connects exchanges, wallets, and financial services platforms, enabling users to pay with one digital asset while merchants receive settlement in a stablecoin or fiat currency of their choice. Through integrations with partners, the company reports reaching more than 900 million users worldwide.
As we wrote, Crypto payment cards see 22x transaction growth since 2024
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