Baanx, a London, UK-based provider of payment services such as traditional credit cards and cryptocurrencies, raised $20m in Series A funding.
Backers included Ledger, Tezos, Chiron, and British Business Bank.
The company, which has raised a total of $30+ million so far, intends to use the funds to expand operations, its business reach and devleopment efforts.
Led by Garth Howat, CEO, Baanx is a B2B2C Service provider for Digital Asset friendly Financial Services – debit cards (physical + virtual), digital wallets, IBANs/DDA Accounts, Borrowing/Lending, remittance/FX, payment gateways and more. In addition, the company offers white label, fully managed applications to user communities – helping the mass adopt Blockchain Technology, Digital Assets and Cryptocurrencies – and bridging the gap between Web3 technology and the Financial Services sector.
FinSMEs
09/03/2024