Overview of Transaction

• On January 27, 2026, Mesh, the leading crypto payments network enabling seamless transactions with cheap and immediate conversions, announced that it has closed a $75 million Series C funding round, bringing its total amount raised to over $200 million and valuing the Company at $1 billion
• Dragonfly Capital led the round, with participation from investors including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures
• Founded in 2020, Mesh is building the first global crypto payments network, connecting hundreds of exchanges, wallets, and financial services platforms to enable seamless digital asset payments and conversions
• By unifying these platforms into a single network, Mesh is pioneering an open, connected and secure ecosystem for digital finance

Significance of Transaction

• A portion of Mesh’s Series C round was settled using stablecoins to demonstrate that the infrastructure is ready for high-stakes, real-world use
• The round also accelerates Mesh’s global expansion into Latin America, Asia and Europe, fueling product development and strengthening its network that already reaches 900 million+ users globally
• Mesh previously announced its expansion into India, in addition to announcing support for Ripple USD and announcing new partnerships with Paxos and Rain

FT Partners' Role

• FT Partners served as financial advisor to Mesh on this transaction
• FT Partners previously served as financial advisor to Mesh on its $82 million Series B financing in 2025, and its financing from QuantumLight in 2024
• This transaction highlights FT Partners’ deep expertise in the rapidly growing digital assets industry as well as our track record generating favorable outcomes for companies in the space