Mesh payments network raises $75 million, acquires unicorn status
Crypto payments network Mesh achieved unicorn status after raising $75 million in a Series C funding round.Summary
Cryptocurrency payments network Mesh has achieved unicorn status following a $75 million Series C funding round, valuing the company at $1 billion. The investment was led by Dragonfly Capital, with participation from firms including Paradigm, Moderne Ventures, Coinbase Ventures, and SBI Investment. This significant funding, occurring during a relatively depressed spot market, signals investor confidence in infrastructure aimed at improving global finance operations using crypto. Mesh's goal is to unify the fragmented crypto payments world, bypassing traditional finance's slow settlements and high fees by being asset-agnostic, enabling consumers to pay with any asset and merchants to receive instant settlement in their preferred stablecoin. CEO Bam Azizi stated their focus is building infrastructure to connect wallets, chains, and assets into a unified network.
(Source：CoinDesk)