BVNK Raises $40 Million in a Series A Funding Round

BVNK, a London-based crypto-to-fiat banking platform, said on Thursday that it had raised $40 million in a Series A funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term led by Tiger Global.

According to the press release, Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric and Base Capital participated in the investment. The angel investors, including the founders of Anchorage Digital, Coinlist, Eco.com and TrueLayer, Microsoft’s former head of strategy, and the former Stripe and Jump Trading execs, will help BVNK expand into new markets such as the United States to acquire regulatory licenses and enhance its product capabilities.

The BVNK platform was launched in October with the goal of making crypto financial services more accessible to the public and allowing users to manage treasury, payment and investment operations for digital assets from a single platform. A business account is offered with a ‘Know Your Business’ process for accessing GBP/EUR/USD and digital asset wallets.

“As more transactions are carried out in cryptocurrency, there is growing demand among businesses for a banking platform that can accept crypto payments, settle crypto assets and bridge seamlessly between fiat and crypto economies. BVNK launched to address this demand and plug a gap in the market. The demand for crypto payment services has far exceeded even what we were expecting, and this Series-A funding will enable us to expand our services, markets and operations,” Jesse Hemson-Struthers, the Co-Founder and CEO of BVNK, commented.

Since January 2022, BVNK has more than doubled its monthly payment volumes and has processed over $2 billion in annualized payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

KuCoin's Recent Funding Round

Recently, KuCoin became one of the world's most valuable crypto companies after raising $150 million in its pre-Series B round of funding. Its market value is now $10 billion. Jump Crypto led the round, which included Circle Ventures, IDG Capital and Matrix Partners. KuCoin plans to use the funding to develop the next generation of the KuCoin core trading system.