[Funding alert] London-based Baanx Secures $20Million in Series A Round Funding
Mar 11, 2024 | By Startup Rise EU
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.
Read also - London-based Agio Ratings Secures $4.6Million in Pre-Seed and Seed Funding
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
[Funding alert] Zurich-based Helio Secures €4.9 million in Funding
Startup Rise EU
Oct 5, 2023
[Funding alert] Berlin-based Midas Secures $8.75Million in Funding
Startup Rise EU
Mar 29, 2024
SAIZ funding news – Berlin-based SAIZ Raises €2.5 Million in Seed Funding
Startup Rise EU
Jul 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.
Read also - London-based Cogna Secures £3.76Million in Funding
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.
Recommended Stories for You
[Funding alert] Helsinki-based Vapaus Secures €15 Million in a Debt Funding
Startup Rise EU Feb 15, 2024
[Funding alert] Delft-based AgriData Innovations Secures Undisclosed Funding
Startup Rise EU Feb 19, 2024
[Funding alert] Netherlands-based Lightyear Secures Strategic Investment from two South Korean Venture Capital Funds
Startup Rise EU Dec 22, 2023
[Funding alert] Dutch Healthtech Startup RespiQ Raises €4 Million in Funding
Startup Rise EU Nov 20, 2023
[Funding alert] Amsterdam-based Femcare Startup Yoni Secures €2.3M in Funding
Startup Rise EU Dec 18, 2023
Seaya funding news – Madrid investment firm Seaya has closed Seaya Andromeda at €300 Million
Startup Rise EU Jul 2, 2024