Crypto payments firm Mesh is reportedly targeting a valuation of up to $2 billion in a new funding round, with Binance prepared to lead the investment. This development, as reported by Axios citing sources familiar with the matter, underscores the increasing demand for robust digital asset-to-fiat transfer tools, advanced payment systems, and resilient settlement infrastructure within the evolving financial landscape.
Mesh’s Growth and Strategic Vision
The potential $2 billion valuation marks a significant increase for Mesh, which was valued at $1 billion earlier this year. That prior valuation followed a Series C funding round where the company raised $75 million. These funds were strategically earmarked to attract FinTech clients across key regions including Asia, Europe, and Latin America. In 2025, Mesh further secured an additional $82 million, specifically allocated to accelerate product development and expand its application programming interfaces (APIs).
Bam Azizi, Mesh’s co-founder and CEO, articulated the company’s foundational belief in an interview with Bloomberg News. “We strongly believe that the future of the economy is tokenized, and this tokenized economy will be heavily fragmented,” Azizi stated. He emphasized the critical need for solutions like Mesh, which “abstracts all of that complexity” for businesses and consumers navigating this fragmented digital economy.
Azizi further elaborated on the challenges and opportunities in the crypto space during a 2025 discussion with PYMNTS at Stablecon. He identified user experience, rather than adoption, as the primary hurdle for crypto. “The biggest problem in crypto is not adoption, it’s the user experience,” Azizi asserted. He stressed the necessity of simplifying payments to such an extent that “even a grandmother will use it one day, maybe without even knowing that the mechanism behind the scenes is a stablecoin … to do that, you need to do a lot of heavy lifting.”
Stablecoins and Corporate Adoption
The broader market context, as highlighted in a recent PYMNTS report, suggests that stablecoins do not necessarily need to become a “consumer habit” to significantly impact corporate payments. Instead, their transformative potential lies in becoming “useful enough, compliant enough and embedded enough that businesses stop thinking of them as crypto at all.” While a substantial “untapped opportunity for corporate adoption” exists, the report also acknowledges that “most businesses today aren’t that interested in stablecoins.”
Further research from PYMNTS Intelligence’s 2026 Certainty Project, specifically the installment titled “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins,” reveals a cautious stance among middle market companies regarding digital assets. The study found limited usage, with only 13% of firms currently employing stablecoins and a mere 5% utilizing other forms of crypto.
The report also underscored the multifaceted nature of building enterprise payments infrastructure, noting it “is not just a software problem.” It necessitates “market access, compliance capacity, liquidity relationships, risk management and trust.” Ultimately, the report concludes that stablecoin infrastructure must evolve to “look less like crypto experimentation and more like institutional-grade financial plumbing.”
Mesh’s pursuit of a higher valuation, backed by a major player like Binance, reflects a strategic move to capitalize on this evolving demand for sophisticated digital payment solutions. As the market grapples with the complexities of integrating digital assets into traditional financial systems, firms like Mesh aim to provide the essential infrastructure that bridges the gap between nascent crypto technologies and institutional-grade financial operations.
