Mesh Achieves Unicorn Valuation After $75M Series C to Expand Crypto Payments

A payments infrastructure firm focused on bridging fragmented crypto rails announced a $75 million Series C that elevates its valuation to roughly $1 billion. The financing round was led by Dragonfly Capital and included participation from several strategic crypto and venture investors, underscoring renewed appetite for middleware that makes digital-asset payments usable at scale. Management says the new capital will accelerate product work and footprint building across Latin America, Asia, and Europe, with an emphasis on markets where remittance flow and mobile-first adoption create rapid demand. The company positions itself as an interoperability layer connecting wallets, exchanges, and alternate settlement systems so different tokens and chains can move value with fewer frictions. As part of the transaction, some investor allocations were settled directly in stablecoins — a deliberate signal that institutional players can employ blockchain settlement at volumes comparable to legacy rails while retaining auditable controls. This funding comes after a sizable Series B and follow-on extension, bringing cumulative invested capital north of $200 million and showing a pattern of steady institutional support. Investors highlighted the strategic importance of any-to-any spendability and composable rails that reduce latency and fees relative to traditional card networks. For incumbent payment processors and banks, that pitch represents both a threat and a roadmap: lower-cost settlement and programmable value transfer could disintermediate established fee pools while creating new integration opportunities. Operationally, the company’s claimed reach through partner integrations gives it a distribution advantage, though converting reach into consistent transaction volume will be the next test. The move into Asia and Latin America aligns with a global payments playbook where cross-border remittances and underbanked populations present outsized product-market fit. Partnerships with custody and stablecoin issuers also indicate a focus on regulatory-compliant settlement rails rather than speculative token models. If execution matches ambition, the raise should fund both developer momentum and commercial deals that prove the model in live flows. For investors and competitors, this round signals that capital is flowing back into infrastructure that promises measurable utility, not token-driven speculation.