BCB Group raises £44.5m in Series A funding to expand global payments infrastructure
The round was co-led by Foundation Capital and BACKED VC to support international expansion and strategic acquisitions.
BCB Group provides business accounts, foreign exchange, and cryptocurrency trading and custody services for digital asset institutions. It operates as a regulated financial services provider offering unified API infrastructure for the crypto economy.
BCB Group has secured £44.5m in a Series A funding round co-led by Foundation Capital and BACKED VC. The raise also saw participation from a broad group of strategic and venture backers, including PayU, Digital Currency Group, Nexo, and several existing investors. The company intends to direct the capital toward expanding its payment and market infrastructure into new regions and pursuing strategic acquisitions.
Operating for nearly five years, BCB Group has processed close to $100bn in payments for major financial institutions in the crypto space. The financing marks the largest Series A round recorded in the United Kingdom blockchain sector to date, bolstering the firm's capacity to deliver integrated banking and liquidity solutions.
From the founder
"Our mission is to connect and bank the global crypto industry. This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry."
Oliver von Landsberg-Sadie
Founder and CEO at BCB Group
Investor perspective
"BCB Group enjoys a leadership position at the intersection of crypto and traditional banking, two sectors where Foundation Capital has been an active investor for many years. We are excited to support Oliver and his team’s growth ambition to provide payments, liquidity, custody, yield and other financial services to the growing global ecosystem of crypto-native businesses."
Angus Davis
General Partner, Foundation Capital
Use of funds
- 01Expand into international markets
- 02Fund acquisitions
- 03Build out infrastructure
Investors
Angus Davis
Foundation Capital
Alex Brunicki
BACKED
PayU
Digital Currency Group
Nexo
Wintermute
Menai Financial Group
Circle
Tokentus Investment
Cowa
Profluent Ventures
LAUNCHub Ventures
North Island Ventures
Blockchain.com Ventures
Rockaway Blockchain Fund
Pantera
L1 Digital
