Dragonfly Capital led the round, with backing from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The raise signals growing confidence that crypto infrastructure, not speculation, will define the next phase of adoption.
Traditional payment rails were built for a slower, analog world. Settlements take days, fees pile up, and cross border payments remain costly. Mesh aims to replace that system by connecting a fragmented crypto market into a single, unified network where value moves instantly.
Building the Network of Networks
Mesh focuses on interoperability, which means helping different wallets, blockchains, and assets work together smoothly. Today, crypto users often face friction when paying with one asset while a merchant prefers another. Mesh removes that complexity behind the scenes.
Through its SmartFunding technology, consumers can pay with any crypto they hold, such as Bitcoin or Solana. Merchants can settle instantly in the stablecoin or fiat currency they choose, like USDC, PYUSD, dollars, or euros. The user experience feels simple, even though the system handles complex routing in the background.
🎉 Mesh has closed a $75M Series C at $1B valuation. 🦄
This is more than a funding round–it’s the beginning of the end for legacy payments.
For too long, global commerce has been stuck with systems that are slow, siloed, and expensive for both merchants and users. That era is… pic.twitter.com/obUnVp3uYS
— Mesh (@meshpay) January 27, 2026
A real world example is cross border commerce. A shopper in Brazil could pay with crypto held in a local wallet, while a merchant in Europe receives euros instantly. No card networks, no waiting days for settlement. That speed matters as global commerce becomes more digital.
The funding will also accelerate Mesh’s expansion across Latin America, Asia, and Europe. The network already reaches more than 900 million users worldwide. Mesh previously expanded into India, pointing to the country’s young, tech savvy population and more than 125 billion dollars in annual remittances as a major opportunity. The company has also added support for Ripple USD and formed partnerships with Paxos and Rain.
🧠Mesh becomes more essential as:
→ New L1s are launched
→ Apps and wallets multiply
→ Assets proliferateThe more fragmented the ecosystem becomes, the more valuable orchestration becomes. pic.twitter.com/1xqZiZd3x8
— Mesh (@meshpay) January 26, 2026
Solving the Stablecoin Fragmentation Problem
The crypto industry has grown fast, but that growth has created new silos. In 2025, stablecoins reached a record market value of about 300 billion dollars and processed more than 27 trillion dollars in annual transaction volume. While impressive, this growth spread liquidity across many chains and platforms.
$305 billion stablecoin market cap to close 2025, nearly 50% YoY growth.
Binance powered the surge with unmatched liquidity, instant execution, and proven reserves.
Stablecoins didn’t just expand. They Binanced. pic.twitter.com/dUw65Na6C4
— Binance (@binance) January 26, 2026
Mesh positions itself as a neutral layer that connects those islands. It is asset agnostic, meaning it does not favor one token or chain over another. This approach helps solve what Mesh calls the stablecoin paradox. More choice is good, but too much fragmentation hurts usability.
Notably, part of the Series C round itself was settled using stablecoins. This served as a live test that blockchain based settlement can handle large, high stakes transactions with proper controls and transparency.
🎉 Cross-chain bridging is now live, simplifying multi-chain payments and deposits.
✅ Users can now pay from any supported token on any supported chain
✅ Platforms still receive exact settlement in their preferred token + network
✅ No manual swaps. No manual bridges. Just one… pic.twitter.com/bRfD82dTsO— Mesh (@meshpay) January 12, 2026
Payments Move Like Software
Mesh CEO Bam Azizi says the future winners will not be token issuers, but builders of shared infrastructure. Dragonfly partner Rob Hadick echoed that view, describing payments as entering an era where value moves like software.
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