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Mesh Payments Network Raises $75 Million, Acquires Unicorn Status

Mesh's $75 million funding led by Dragonfly supports expansion into Latin America, Asia, and Europe, reaching 900 million users and advancing global crypto payment adoption.

  • On Jan. 27, 2026, Mesh raised $75 million in a Series C led by Dragonfly Capital, valuing the crypto payments infrastructure provider at $1 billion.
  • Amid fragmentation in the crypto payments landscape, investors are channeling capital into infrastructure as the industry shifts from experimentation to real-world adoption despite a depressed spot market.
  • Bam Azizi said SmartFunding supports any-to-any payments with instant settlement in USDC, PYUSD, and Ripple USD, backed by partners Paxos and Rain, adding that `Crypto is crowded by design, with new tokens and new protocols emerging every day`.
  • The funding accelerates expansion into Latin America, Asia and Europe, backs India growth citing $125B+ remittances, and shows global institutions adopting blockchain settlement, Mesh said.
  • With stablecoins at a $300B market cap and over $27T in annual volume, Mesh says a portion of its $75M round was settled using stablecoins to showcase real-world readiness.
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PR Newswire broke the news in United States on Tuesday, January 27, 2026.
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