Funding

[Funding alert] London-based Baanx Secures $20Million in Series A Round Funding

Mar 11, 2024 | By Oliver Bennett

London-based Baanx secures $20million in series A round funding. Ledger, Tezos, Chiron, and British Business Bank were among the backers. The company plans to utilize the money it has raised—more than $30 million in total—to grow its operations, access new markets, and continue its development work.

Baanx is a B2B2C service provider for digital asset-friendly financial services, including digital wallets, IBANs/DDA Accounts, borrowing/lending, remittance/FX, payment gateways, and physical and virtual debit cards. The company is led by CEO Garth Howat.

Additionally, the business bridges the gap between Web3 technology and the Financial Services industry by providing user communities with white label, fully managed applications that aid in the widespread adoption of blockchain technology, digital assets, and cryptocurrencies.

RECOMMENDED FOR YOU

Acquisition

Freefik acqusition news – Design Platform Freepik Acquired Magnific

Oliver Bennett

May 7, 2024

Funding

[Funding alert] Cloudprinter.com Secures Financing from Dutch and Ukrainian Investors for the Next Growth Phase

Oliver Bennett

Nov 4, 2023

Funding

The Exploration Company funding news – The Exploration Company (TEC) has Secured $160 Million in Series B Funding

Kailee Rainse

Nov 18, 2024

About Baanx

Baanx, In addition to physical and virtual debit cards, digital wallets, IBANs/DDA Accounts, borrowing/lending, remittance/FX, payment gateways, and other financial services that are asset-friendly for digital assets, they are a B2B2C service provider.

In addition, CL (Crypto Life) delivers white label, fully managed applications to user groups, bridging the gap between Web3 technology and the Financial Services industry and assisting in the global adoption of Blockchain Technology, Digital Assets, and Cryptocurrencies.

EU Startups Funding Alert London Startup Funding United Kingdom