Mesh, a company that builds the plumbing for crypto payments, just hit a major milestone. The startup announced today that it has raised $75 million in a Series C funding round. This latest cash injection pushes the total amount they have raised to over $200 million and gives the company a valuation of $1 billion. In the startup world, that officially makes them a “unicorn.”
The investment round was led by Dragonfly Capital, but they weren’t the only big names involved. Other heavy hitters like Paradigm, Coinbase Ventures, and Liberty City Ventures also chipped in. It is a strong signal that investors are betting big on the infrastructure behind crypto, rather than just speculating on the price of coins.
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The big idea behind Mesh is pretty simple, even if the tech is complex. Right now, moving money through traditional banks can be slow and expensive. Crypto was supposed to fix that, but it has created its own problems. There are thousands of different tokens and blockchains that don’t always speak the same language. It can be a headache for a regular person trying to buy something or send cash.
Mesh is trying to solve this by acting as a universal bridge. They want to make it so a customer can pay with whatever asset they have—whether it’s Bitcoin or Solana—and the merchant gets paid in whatever currency they want, like dollars or euros. They call this an “any-to-any” experience. The goal is to hide all the complicated tech so that paying with crypto feels just as easy as swiping a credit card.
Bam Azizi, the co-founder and CEO of Mesh, explained that the crypto world is getting crowded by design. New tokens pop up every day, creating friction for users. He believes the winners of the next decade won’t be the ones launching new coins, but the ones building the network that connects everything together. He wants to make the old-school banking rails obsolete.
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Rob Hadick from Dragonfly Capital, who led the investment, agrees. He noted that we are entering an era where value moves like software. He said Mesh is building the layer that makes crypto practical on a large scale, handling the complexity “under the hood” so consumers don’t have to worry about it.
The company plans to use this new funding to expand its footprint. They have their sights set on regions like Latin America, Asia, and Europe. This comes after a recent move into India, where Mesh sees a huge opportunity due to the young, tech-savvy population and the massive amount of money sent home by workers abroad.
One of the most interesting parts of today’s news isn’t just the amount of money raised, but how it was handled. Mesh actually settled a portion of the $75 million deal using stablecoins. It was a move designed to prove a point: that their technology is stable and secure enough for high-stakes, real-world business. With the market for stablecoins recently hitting $300 billion, Mesh is betting that the world is finally ready to move money differently.
Disclosure: Neither Tampa Free Press nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. This article is not intended as financial advice. Educational purposes only.
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