Mesh has raised $75 million in a Series C round led by Dragonfly, lifting the San Francisco-based crypto payments firm to a $1 billion valuation. The financing also included Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures, following an $82 million Series B in 2025.
Mesh runs its SmartFunding technology, which allows merchants and consumers to pay and receive money using both traditional currencies and digital assets through a single system. The company said part of the latest funding was completed using stablecoins to prove that the infrastructure works in real commercial conditions. This approach, it said, shows that crypto-based settlement can support high-volume transactions alongside standard payment rails.
The company now supports about 900 million users worldwide and has raised more than $200 million since its founding. Mesh plans to use the new capital to expand further into Latin America, Europe, and Asia, with preparations already underway for a launch in India. Chief executive and co-founder Bam Azizi said on LinkedIn, “Having achieved unicorn status, we now target $1 billion in revenue and $1 trillion in volume.” The company aims to use its dual-currency platform to help merchants reach more customers while managing payments across both fiat and digital currencies, as demand for flexible settlement options continues to grow across online commerce and financial services.
