Dragonfly Capital led the round, with support from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures. This increase speaks to growing confidence that crypto infrastructure, not speculation, will define the next phase of adoption.
Traditional payment rails were designed for a slower analog world. Settlements take days, fees pile up, and cross-border payments remain expensive. Mesh aims to replace this system by connecting a fragmented crypto market into a single, unified network where value moves instantly.
Building the network of networks
Mesh focuses on interoperability, which means helping different wallets, blockchains, and assets work together smoothly. Today, crypto users often face friction when paying with one asset while a trader prefers another. Mesh removes this complexity behind the scenes.
Through its SmartFunding technology, consumers can pay with any crypto they hold, such as Bitcoin or Solana. Traders can settle instantly in the stable or fiat currency of their choice, such as USDC, PYUSD, Dollar or Euro. The user experience seems simple, even though the system handles complex routing in the background.
🎉 Mesh closed a $75 million Series C at a valuation of $1 billion. 🦄
It’s more than a funding cycle: it’s the beginning of the end of legacy payments.
For too long, global trade has been limited to slow, siled systems that are costly for both traders and users. This era is… pic.twitter.com/obUnVp3uYS
– Mesh (@meshpay) January 27, 2026
A concrete example is that of cross-border trade. A buyer in Brazil could pay with cryptocurrencies held in a local wallet, while a merchant in Europe would receive euros instantly. No card networks, no days of waiting for settlement. This speed is important as global commerce becomes increasingly digital.
The funding will also accelerate Mesh’s expansion into Latin America, Asia and Europe. The network already reaches more than 900 million users worldwide. Mesh previously expanded into India, citing the country’s young, tech-savvy population and more than $125 billion in annual remittances as a major opportunity. The company also added support for Ripple USD and formed partnerships with Paxos and Rain.
🧠The mesh becomes more essential because:
→ New L1s are launched
→ Applications and wallets are multiplying
→ Assets proliferateThe more fragmented the ecosystem, the more valuable orchestration becomes. pic.twitter.com/1xqZiZd3x8
– Mesh (@meshpay) January 26, 2026
Solving the Stablecoin Fragmentation Problem
The crypto industry has grown rapidly, but this growth has created new silos. In 2025, stablecoins reached a record market value of around $300 billion and processed over $27 trillion in annual transaction volume. While impressive, this growth has spread liquidity across many channels and platforms.
Stable market capitalization of $305 billion to close 2025, representing growth of almost 50% year-on-year.
Binance has fueled this surge with unparalleled liquidity, instant execution, and proven reserves.
Stablecoins have not only grown. They binned. pic.twitter.com/dUw65Na6C4
– Binance (@binance) January 26, 2026
The mesh is positioned as a neutral layer that connects these islands. It is asset agnostic, meaning it does not favor one token or chain over another. This approach resolves what Mesh calls the stablecoin paradox. More choice is a good thing, but too much fragmentation harms usability.
Notably, part of the Series C cycle itself was settled using stablecoins. This served as a live test to demonstrate that blockchain-based settlement can handle large, high-stakes transactions with appropriate controls and transparency.
🎉 Cross-chain bridging is now operational, simplifying multi-chain payments and deposits.
✅ Users can now pay from any supported token on any supported channel
✅ Platforms always receive exact settlement in their preferred token + network
✅ No manual exchange. No manual bridges. Just a… pic.twitter.com/bRfD82dTsO– Mesh (@meshpay) January 12, 2026
Payments evolve like software
Mesh CEO Bam Azizi says future winners will not be token issuers, but shared infrastructure builders. Rob Hadick, partner at Dragonfly, echoed this view, describing payments as entering an era where value scales like software.
Disclaimer
The information provided by Altcoin Buzz does not constitute financial advice. It is intended for educational, entertainment and informational purposes only. Any opinions or strategies shared are those of the editors/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur as a result of investments related to the information provided. Bitcoin and other cryptocurrencies are high-risk assets; therefore, perform thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
