Meshpay Series C Funding Lifts Valuation to $1B

Background and Context

The Meshpay Series C Funding comes at a time when stablecoin usage is accelerating rapidly, making crypto payments one of the strongest real-world use cases in the industry. The company was founded in 2020, and it has benefited from rising demand for a scalable payment layer that works across ecosystems without forcing users to manually bridge assets, swap tokens, or manage multiple apps.apps.

Stablecoins passed $27.6 trillion in transaction volume in 2024, which highlights the scale of demand for fast settlement systems. Meshpay has built key tools like SmartFunding orchestration, which allows users to spend in one crypto asset while merchants receive settlement in another preferred currency. 

Yes, Meshpay has hit major funding milestones before. In March 2025, Meshpay raised $82 million in a Series B roundled by Paradigm, bringing total funding at that time to over $120 million. Earlier rounds included backing from firms like PayPal Ventures, Galaxy Ventures, and Coinbase Ventures.

The broader market response to the Series B was generally positive. As stablecoin usage grew faster, the stablecoin sector’s market cap expanded beyond $200 billion and transaction volume continued rising. Instead of triggering volatility or skepticism, the event supported a narrative of crypto moving toward mass adoption through practical products.

Investor Perspectives

Investors backing the Series C framed the round as more than a valuation milestone. Dragonfly Capital described the funding as a step toward replacing old financial systems, calling it “the beginning of the end for legacy payments.”This reflects a wider view that payment networks built for modern digital finance will increasingly compete with traditional rails.

Likewise, Paradigm’s continued involvement strengthens the “payments are going on-chain” narrative. Their view is that Meshpay makes crypto payments as simple as card payments while keeping blockchain benefits like programmability and instant settlement.

Meanwhile, Coinbase Ventures and other participants emphasized Meshpay’s ability to support high-volume, real-world transactions. Additionally, prior examples of stablecoin-based settlement in earlier rounds strengthen the claim that Meshpay operates inside the most important trend shaping this sector. For that reason, Meshpay Series C Funding is being interpreted as validation of stablecoin payments scaling into mainstream markets.

Future Outlook

Meshpay plans to use the new $75 million to scale globally and expand infrastructure. The company expects to strengthen product performance and integrations, while also pushing deeper into emerging markets where crypto payments can deliver immediate value.

Going forward, Meshpay’s mission is focused on a universal payment network that works across platforms without friction. CEO Bam Azizi said the company sees this as the start of a broader shift, stating that “a new era of payments is beginning.” The goal is to make digital asset payments feel as simple and common as traditional payment methods.

As stablecoins become more central to global finance, Meshpay’s unicorn status positions it as a potential category leader. If execution continues at the current pace, Meshpay could capture meaningful market share in crypto payments and influence how billions of users transact across borders.