Mesh, described as Plaid for crypto, has raised $75 million at a $1 billion valuation. Plaid is a leading open banking platform that provides the connective tissue to empower cross-platform financial information.
MeshPay CEO Bam Aziz said today was a big day for the firm:
“Fifteen years ago, I came to the United States with almost nothing, driven by belief, grit, and an obsession with building meaningful businesses. After years of endless nights, hard lessons, and selling my previous startup, I took the leap again six years ago and started Mesh. What began as a bold idea is now a $1B company, built alongside an extraordinary team, trusted partners, and world-class investors.”
Aziz said this was more than a funding round but the beginning of the end for legacy payments.
Mesh offers “any to any” payments, settled in real time, across wallets, chains, etc.
The Series C funding round was led by DragonFly, with participation from Paradigm, Moderne Ventures, CB Ventures, SBI Investments, and LC Ventures. In total, Mesh has now raised over $200 million.
DragonFly Managing Partner Haseeb Qureshi, touted the investment:
“It’s the simplest SDK for integrating depositing crypto from anywhere you hold it—exchanges, wallets, fintechs, without having to close the app or futz around with QR codes. For as long as I’ve been in this space, actually getting users to deposit crypto into a new app usually means a massive funnel drop-off. Mesh makes it dead to onboard a user in just a few clicks, no matter where their crypto lives.”
He reported that Mesh is now doing $10 billion in volume.
