Mesh Reaches $1B Valuation with $75M Series C Led by Dragonfly Capital

Mesh, a crypto payments infrastructure provider, achieved unicorn status on January 27, 2026 after closing a $75 million Series C funding round led by Dragonfly Capital. The round brings total funding to over $200 million and values the company at $1 billion. The company's technology connects disparate wallets, blockchains and digital assets into a unified payment network, claiming to process approximately $10 billion in monthly payment volume. Mesh plans to use the funding to expand into Latin America, Asia and Europe, building on existing partnerships with Ripple, Paxos and Rain. Part of the funding round was settled using stablecoins, according to the company. Mesh CEO Bam Azizi stated the funding validates the company's focus on building interoperability infrastructure rather than issuing tokens, positioning Mesh as a key player in the growing stablecoin ecosystem that aims to make traditional payment rails obsolete.