[DigitalToday reporter Chi-gyu Hwang] Crypto payment infrastructure firm Mesh raised $75 million in a Series C funding round led by Dragonfly Capital, Cointelegraph reported on Jan. 27 local time.
Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures and Liberty City Ventures also participated. Mesh was valued at $1 billion.
Mesh said part of the investment was paid in stablecoins. It will use the funds to expand its network into Latin America, Asia and Europe and accelerate product development.
Founded in 2020, Mesh runs a network linking exchanges, wallets and financial services platforms. It supports a system in which users pay with digital assets and merchants receive settlement in stablecoins or a chosen fiat currency. Rob Hadick (로브 하딕), a general partner at Dragonfly, said, "Mesh has established itself as an innovative company leading the global crypto payments market."
Chi-gyu Hwang
delight@d-today.co.kr