Quick take:
- The company plans to use the fresh funding to continue building and scaling its products as it expands its global network.
- The funding brings the total raised to more than $200 million, according to a blog post seen by NFTgators.
- Mesh says its global payments network now supports customers and partners across Latin America, Asia, and Europe.
Mesh, a crypto payments infrastructure provider, has raised $75 million in a Series C funding round led by Dragonfly, with participation from Moderne Ventures, Paradigm, Coinbase Ventures, SBI Investments, and Liberty City Ventures.
The company offers a unified global network across wallets, chains, and assets. It supports a variety of services, including any-to-any payments via SmartFunding, with instant settlement in the merchant’s preferred currency.
According to a blog post seen by NFTgators, the latest funding brings the total raised to more than $200 million and values the crypto payments company at $1 billion.
Mesh said it will use the fresh funding to continue building and scaling its products as it expands its global network.
“Now we move into the next phase: building the universal payments network for a truly tokenized, borderless economy. Any asset. Any chain. Any geography,” a social media statement on the X platform reads.
Mesh’s global expansion strategy has seen it support customers and partners across Latin America, Asia, and Europe.
“The funding will allow us to continue building and scaling our products, expand our global presence, and invest further in the infrastructure needed to support a truly tokenized, borderless economy,” the blog post reads.
The announcement comes as crypto continues to embed itself in traditional payment rails amid more institutional adoption and progress in the regulatory framework.
“Our goal is to build the universal payments network for crypto–one that works without silos, without friction, and without artificial constraints,” the company wrote. “A new era of payments is beginning, and we’re excited to help shape it. We’re just getting started.”
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