BVNK funding news – London-based BVNK has Raised $50 Million in Series B Round Funding

Stablecoins help solve real-world problems by making payments faster, more efficient, and more reliable. They reduce delays and foreign exchange risks in traditional banking, ensuring quicker payments for sellers and better operational efficiency for marketplaces.

Some ways businesses are using stablecoins include:

Global payroll: Deel pays contractors worldwide in minutes using stablecoins, addressing the need for USD in unstable markets.

Merchant payments: Companies like Rapyd and Visa use stablecoins for fast, cross-border payments to merchants.

Marketplace payouts: Marketplaces like Airbnb and Amazon rely on payment providers like Worldpay to send payments to millions of sellers.

In the past two years, BVNK has processed over $10 billion in payments, growing 200% each year. The company has worked with clients like Deel, Rapyd, and Trust Payments to support their stablecoin payments, and partnered with providers like PayPal, Circle, and First Digital to improve access to major stablecoins.

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Earlier this year, BVNK launched Layer1, a software for businesses that want to handle stablecoin payments on their own. As part of its Series B funding, BVNK is expanding to the U.S. with new offices in San Francisco and New York City.

Haun Ventures led the funding round, with participation from Coinbase Ventures, Scribble Ventures, DRW VC, and existing investors Avenir and Tiger Global.

Shan Aggarwal, Vice President of Corporate and Business Development, Ventures at Coinbase commented: "Today's consumers want payments that happen as fast as the internet, across borders, and without compromising security. Stablecoins offer that solution and are helping update the financial system."

Diogo Mónica, General Partner at Haun Ventures, stablecoins represent the most significant infrastructure upgrade to global payments in decades: "BVNK has already demonstrated its ability to unlock real-world use cases at scale, and we're thrilled to support their journey to make instant, borderless payments a reality for businesses everywhere. This is the kind of innovation that defines the future of finance."

About BVNK

BVNK speeds up global money transfers using stablecoins. It combines banks and blockchains into one platform, making it easier for innovators to create new payment products quickly.