BVNK
Builders in Fintech has recorded 1 equity round for BVNK: a series b round of 50,000,000 USD on 17 December 2024.
Added ·
Funding history
50,000,000 USD
Haun VenturesLead, Coinbase Ventures, DRW Venture Capital, Scribble Ventures, Tiger Global
Added · · Weekly update #60
Investors
In the news
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Mentioned on the podcast
BVNK, co-founded about five years ago with Jesse and Donald, provides stablecoin payments infrastructure so enterprises can send, receive, convert and store stablecoins and fiat.
BVNK's team spans 42 nationalities.
BVNK's first product was a "stablecoin sandwich": collecting in Southeast Asia and Africa and settling merchants in euros and pounds.
BVNK holds e-money licences in the UK and Europe, money-transmitter licences in 22 US states with applications for all 50, and crypto-asset licences, with a Singapore licence expected.
BVNK powers stablecoin payouts for Deel into about 85 markets and announced deals with Lianlian Global and Worldpay.
Visa invested in BVNK as a strategic investor in its Series B.
BVNK uses AI agents in onboarding and KYB, significantly cutting onboarding times and manual reviews.
Related companies
Fintech API provider