The announcement frames Mesh within the crypto payments and fintech funding landscape, highlighting scale and lead investors involved.

Mesh previously raised $82 million in a 2024 Series B led by Paradigm, with later strategic extensions shaping its position in crypto payment infrastructure.

Mesh has expanded into India, aiming to leverage a tech-savvy population and substantial remittance flows for growth.

The network has accumulated over 900 million user integrations across exchanges, wallets and financial platforms, demonstrating its broad reach in the crypto ecosystem.

The funding context includes growing stablecoin infrastructure investment following the GENIUS Act, with parallel rounds for Stripe’s Tempo, Rain and VelaFi and stablecoin market growth to over $308 billion.

Dragonfly’s leadership and Paradigm’s participation underscore the project’s long-term, protocol-level potential and strategic importance in the crypto ecosystem.

Part of the funding was settled in stablecoins to illustrate readiness for real-world use and the network’s immediate applicability.

The unicorn valuation reflects expectations of rapid growth in blockchain-based payments and Mesh’s traction in developer adoption and transaction volumes.

Mesh operates as a universal crypto payments network that connects crypto wallets, blockchains and digital assets, serving as an all-in-one layer for accessing multiple assets on a single platform.

Founded in 2020, Mesh enables users to pay with one digital asset while merchants settle in a stablecoin or fiat, reaching more than 900 million users worldwide through partner integrations.

The latest funding will support product development, expand the API suite, scale engineering and compliance teams, and accelerate global market expansion.

The round signals continued investor appetite for crypto infrastructure despite softness in the broader spot market.