Funding

[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.

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.

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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.

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