BVNK Secures $50 Million in Series B Funding
BVNK, a pioneering payments infrastructure company based in London, UK, has successfully raised an impressive $50 million in its Series B funding round. This substantial funding was primarily led by Haun Ventures, with notable participation from reputable investors including Coinbase Ventures, Scribble Ventures, DRW VC, and existing backers such as Avenir and Tiger Global. The funds raised will play a crucial role in enhancing BVNK's operational capabilities and furthering its development initiatives, solidifying its position within the competitive landscape of stablecoin payments.
At the helm of BVNK is CEO Jesse Hemson Struthers and CTO Donald Jackson, who are committed to delivering a robust stablecoin payments infrastructure that accelerates the movement of capital across global markets.
Their innovative approach not only enables businesses to operate seamlessly across diverse financial environments but also fosters the creation of enhanced payment experiences tailored for the modern consumer. Earlier this year, BVNK made waves in the industry by launching Layer1, a powerful software platform designed specifically for enterprises, allowing them to manage their stablecoin payments internally.
BVNK's client roster includes renowned names such as Deel, Rapyd, and Trust Payments, underscoring the company's credibility and the demand for its solutions. Additionally, the company has forged meaningful partnerships with major players in the financial sector, including PayPal, Circle, and First Digital, further extending its ecosystem. As part of its growth strategy following this funding round, BVNK is expanding its operations with the opening of a new office in San Francisco and establishing a significant presence in New York City, thereby positioning itself at the heart of the financial innovation hubs in the United States.
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