Payment startup BVNK raises $40M from Tiger Global and other investors
- May 12, 2022
- 0
Crypto service-focused payments startup BVNK has closed its $40 million Series A funding round with a valuation of $340 million led by Tiger Global. A round led by
Crypto service-focused payments startup BVNK has closed its $40 million Series A funding round with a valuation of $340 million led by Tiger Global.
A round led by Tiger Global Management raised $40 million.
Today is a special day in our vision of seamlessly transacting between fiat and crypto. https://t.co/Dq86gZU3WI
— BVNK (@BVNKFinance) 12 May 2022
The round also featured The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, Base Capital and unnamed business angels.
Via the API, BVNK partner customers can access operations with “hundreds” of digital assets and fiat currencies. Initially, the company was positioned as a bitcoin exchange focused on emerging markets and money transfers.
BVNK offers direct bank account integration to save money on payment card transactions.
According to the initiative, annual payment volume exceeded $2 billion.
Recall that in April, fintech company Bolt Financial agreed to acquire payments blockchain startup Wyre Payments for approximately $1.5 billion.
Source: Fork Log
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