BVNK secures $50m in Series B funding to expand stablecoin platform into the US
Haun Ventures led the Series B round as BVNK establishes a presence in San Francisco and New York City.
≈ £39.8M at $1 = £0.7957 on 18 Dec 2024
BVNK develops stablecoin payments infrastructure that unifies banks and blockchains into a single platform for global transactions.
BVNK has raised $50m in a Series B funding round led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW, Avenir, and Tiger Global. The capital will support the company as it expands its operations into the United States, including opening offices in San Francisco and New York City.
Founded in 2021, the London-based firm provides infrastructure that bridges traditional banking and blockchain networks. Its platform allows businesses to handle stablecoin and fiat transactions, aiming to make cross-border money movement faster and more efficient.
From the founder
"Stablecoins are redefining how money moves across the world—faster, more cost-efficient, and with fewer barriers. At BVNK, we’re building the infrastructure to make these new rails accessible to businesses everywhere, empowering them to operate at the speed of today’s economy. This funding marks the next step in our mission to transform payments for the modern world."
Jesse Hemson-Struthers
CEO at BVNK
Investor perspective
"Today’s consumers want payments that happen as fast as the internet, across borders, and without compromising security. Stablecoins offer that solution and are helping update the financial system. Coinbase Ventures is excited to invest in BVNK as they seek to drive greater global adoption of stablecoin payments."
Shan Aggarwal
Vice President of Corporate and Business Development, Ventures, Coinbase
Use of funds
- 01Expand into international markets