Mesh, a crypto payments network, has raised $75 million in a Series C funding round, reaching a $1 billion valuation.

The round was led by Dragonfly Capital, with participation from prominent investors including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. This latest infusion brings Mesh's total funding raised to over $200 million since its founding.

Mesh describes its platform as a unified global network that connects wallets, blockchains, and various assets, enabling seamless any-to-any payments. Its SmartFunding technology allows for instant settlement in a merchant's preferred currency, addressing longstanding pain points in global commerce such as slow processing times, siloed systems, and high costs for both merchants and consumers.

The company has already built a foundation connecting hundreds of exchanges, wallets, and payment service providers (PSPs) to facilitate crypto payments and stablecoin conversions. It is now accelerating expansion into key regions including Latin America (LATAM), Asia, and Europe.

Looking ahead, Mesh aims to evolve into a universal payments network for a tokenized, borderless economy—one that supports any asset, any blockchain, and any geography. The firm envisions a future where payments are instant, interoperable, and free from the frictions of outdated financial infrastructure.