What does BVNK do?
BVNK is a London-based stablecoin payments infrastructure company that provides a technology platform to automate and orchestrate stablecoin payments at scale. The company enables businesses to move money globally with speed and efficiency, serving high-profile clients including Ferrari and Rapyd.
How much did they raise?
The investment from Visa Ventures was undisclosed. This deal comes on the heels of a $50m Series B round announced in December, which was led by Haun Ventures and included participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global.
What are their plans for the money?
With this new investment, BVNK aims to further scale its technology platform and expand its global market presence, especially in the US where it recently opened offices in San Francisco and New York City, positioning itself to enhance the abilities of businesses to process stablecoin payments.
What have they achieved so far?
BVNK has already demonstrated significant progress by processing $12 billion in annualized stablecoin payment volumes and securing prestigious clients, underscoring its capability to provide efficient and secure global payment solutions.
