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Mesh Closes $75M Series C Round and Reaches $1B Valuation

In a significant development in the fintech sector, Mesh, a prominent crypto payments network, has successfully completed a Series C funding round amounting to $75 million. This latest investment brings the company's total funding to over $200 million and elevates its valuation to an impressive $1 billion. The funding round was spearheaded by Dragonfly Capital, with participation from several notable investors, including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.

The Need for Change

As the financial landscape shifts rapidly towards a digital-first approach, the existing payment systems that were designed for a largely analog world are becoming increasingly outdated. Mesh is taking the lead in transforming the crypto payments sector by addressing the needs of a global market that demands faster, cheaper, and more efficient payment solutions. Traditional finance, characterized by slow settlements and high fees, is becoming less relevant as cryptocurrencies gain widespread acceptance.

Expansion Goals

The funding will enable Mesh to accelerate its expansion efforts into key markets across Latin America, Asia, and Europe. The company aims to enhance its product offerings and further solidify its global network, which already serves more than 900 million users worldwide. Recently announced expansions into India highlight Mesh's focus on regions with growing cryptocurrency adoption and significant remittance flows.