Crypto Payments Startup Mesh Hits $1 Billion Unicorn Valuation
Mesh, a crypto payments network, raised $75 million in Series C funding, bringing its valuation to $1 billion and total capital raised to over $200 million. The round was led by Dragonfly Capital with participation from Paradigm, Coinbase Ventures, Moderne Ventures, SBI Investment, and Liberty City Ventures. Mesh aims to solve crypto fragmentation by connecting different wallets, blockchains, and digital assets into a single interoperable payment network, bypassing traditional finance’s slow and costly systems. The new funding will accelerate Mesh’s international expansion, particularly in Latin America, Asia, and Europe, building on existing moves into India and partnerships with Ripple, Paxos, and Rain. Mesh claims about $10 billion per month in payments volume and works with partners such as PayPal and Revolut. Its technology allows consumers to pay with any cryptocurrency while merchants receive instant settlement in a chosen stablecoin or fiat currency, streamlining payments across blockchains. Part of the Series C was settled using stablecoins, reflecting Mesh’s role as an “interoperability layer” for next-generation payments.
