Key Takeaways:
- BVNK raised $50M in Series B funding led by Haun Ventures, with plans to expand into the US stablecoin market by 2025, targeting operations in San Francisco and New York.
- The company, valued at $750M, reports processing over $10B in annual payment volumes with 200% YoY growth, partnering with stablecoin providers like PayPal and Circle.
- The US stablecoin market, projected to surpass $1T by 2035, presents a competitive landscape as BVNK prepares to rival established players like Paxos and Ripple.
BVNK, a stablecoin infrastructure company, has secured $50 million in Series B funding led by Haun Ventures to expand into the U.S. market.
Key participants include Coinbase Ventures, Scribble Ventures, and Tiger Global.
We've raised $50 million to fuel the next era of stablecoin payments, with @HaunVentures, @cbventures, @ScribbleVC, Tiger-Global and Avenir.
— BVNK (@BVNKFinance) December 17, 2024
We’re still focused on accelerating global money movement and empowering businesses to grow. This funding enables us to bring… pic.twitter.com/g8VDGb6gbA
With a valuation of $750 million, BVNK plans to establish operations in San Francisco and New York City by 2025, building local banking infrastructure and obtaining operational licenses to serve U.S. companies.
The funding follows a $43.2 million Series A round in 2022, when BVNK was valued at $327 million.
The company, headquartered in London, specializes in white-label stablecoin payment solutions and has processed over $10 billion in annual payment volumes, achieving 200% year-over-year growth.
Stablecoin juggernaut (a pod sponsor 🔥) @BVNKFinance announced their $50M Series B round today led by Haun Ventures and Coinbase Ventures
— stable studios (@staystablexyz) December 17, 2024
Yesterday, our host @dr3wrogers sat down with managing director Johannes Kaske to discuss BVNK's brand new stablecoin platform,… pic.twitter.com/nogaLuL5s9
BVNK partners with leading stablecoin providers like PayPal, Circle, and First Digital.
Founded by South African entrepreneurs Jesse Hemson-Struthers, Donald Jackson, and Chris Harmse, BVNK aims to compete with established U.S. players such as Paxos, Circle, and Ripple.
The company views stablecoins as a transformative upgrade to global payments, anticipating regulatory clarity will boost adoption.
Our mission is to accelerate the global movement of money.
— BVNK (@BVNKFinance) March 25, 2024
This isn’t just about speeding up transactions. It’s about economic progress. It’s about freeing up working capital and helping businesses succeed.
Visit https://t.co/lQRrwC1vp4 to learn more. pic.twitter.com/dsU0otAX4Z
The stablecoin market, valued at $203 billion, is projected to surpass $1 trillion by 2035.
BVNK’s expansion aligns with growing demand for cross-border remittance and DeFi liquidity solutions, underscoring its ambition in shaping the future of finance.
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