Mesh Targets LatAm, Asia, Europe After $75M Raise – Can It Beat Legacy Rails?

Crypto payments network Mesh has raised $75 million in a Series C round, pushing its total funding past $200 million and valuing the company at $1 billion.

The funding round was led by Dragonfly Capital with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.

The financing comes as investor attention increasingly shifts away from speculative token launches toward the infrastructure needed to support real-world crypto adoption.

Building a Borderless Payments Layer

Mesh added that it’s tackling the inefficiencies of legacy payment systems, including slow settlement times and high fees, by allowing crypto-native payments across chains and assets.

Co-founder and CEO Bam Azizi describes crypto as “crowded by design,” with constant new tokens and protocols creating friction for users.

Mesh said it seeks to provide the connective layer that allows wallets, chains, and assets to function as one unified system. The company also argues that future winners will be those building interoperability rather than issuing new assets.

Expansion Across Global Markets

The Series C funding will be used to support Mesh’s growth into regions including Latin America, Asia, and Europe, alongside continued product development.

Mesh said its network already reaches more than 900 million users worldwide. The company has previously expanded into India, citing the country’s young digital population and more than $125 billion in annual remittances.

Mesh has also announced support for Ripple USD and partnerships with Paxos and Rain, reflecting a broader push into stablecoin-based payment infrastructure.

Solving the Stablecoin Fragmentation Problem

Mesh is positioning itself as a solution to what it calls the “stablecoin paradox”—the rapid rise of stablecoins alongside renewed fragmentation.

In 2025, stablecoins reached a $300 billion market cap and processed more than $27 trillion in annual transaction volume, but liquidity remains spread across disconnected ecosystems.

Mesh’s SmartFunding technology allows an “any-to-any” experience, allowing consumers to pay with assets such as Bitcoin or Solana while merchants receive instant settlement in stablecoins like USDC or PYUSD, or in fiat currencies.