BVNK, a London, UK-based stablecoin payments infrastructure company, raised $50M in Series B funding.
The round was led by Haun Ventures with participation from Coinbase Ventures, Scribble Ventures, DRW VC and existing investors Avenir and Tiger Global.
The company intends to use the funds to expand operations and its development efforts.
Led by Jesse Hemson Struthers, CEO, and Donald Jackson, CTO, BVNK provides a stablecoin payments infrastructure to accelerate global money movement and enable innovators to operate across financial worlds and create payments experiences. Earlier this year, the company launched Layer1, a software platform for enterprises to handle their stablecoin payments in-house.
Clients include Deel, Rapyd, and Trust Payments while partners include PayPal, Circle, and First Digital.
As part of the round, the company is opening an office in San Francisco and is establishing a presence in New York City.
FinSMEs
18/12/2024