Crypto Payments Network Mesh Connect Hits $1 Billion Valuation

Mesh Connect Inc. secured a $1 billion valuation after a recent $75 million funding round.

Five-year-old Mesh pitches itself as a network connecting crypto exchanges, wallets and financial services platforms. It’s most recent round was led by Dragonfly Capital with participation from Coinbase Ventures, Paradigm, Moderne Ventures and Liberty City Ventures.

“We strongly believe that the future of the economy is tokenized, and this tokenized economy will be heavily fragmented,” Bam Azizi, chief executive officer and co-founder of Mesh, said, adding that businesses and consumers “need something like Mesh that abstracts all of that complexity.”

Similarly to how Plaid Inc. ...