- BVNK secures $50 million in Series B funding led by Haun Ventures, with participation from Coinbase Ventures.
- The company plans to establish a US presence amid rapid global growth in stablecoin transactions.
What happened: BVNK secures $50M to transform global payments with stablecoins
BVNK, a prominent stablecoin payments infrastructure company, has secured $50 million in a Series B funding round led by Haun Ventures. Other key participants include Coinbase Ventures, Scribble Ventures, DRW VC, and existing investors such as Avenir and Tiger Global. This significant investment underscores BVNK’s ambition to expand its operations into the United States, one of the world’s largest financial markets. Plans include opening offices in San Francisco and New York City, positioning the company to better serve its growing client base. In addition to its US expansion, BVNK continues to provide seamless payment solutions as a licensed electronic money institution in the UK and Europe. Its offerings include named IBANs for EUR and GBP, as well as access to vital payment schemes like Sepa, Sepa Instant, and Faster Payments, empowering merchants to conduct efficient transactions with suppliers and partners across borders.
BVNK’s growth trajectory has been remarkable, achieving over $10 billion in annualised payment volumes since its $40 million Series A funding round in 2022. This represents an impressive 200% year-on-year growth, solidifying its reputation as a leader in the stablecoin payments sector. The company’s clients, including high-profile names such as Deel, Rapyd, and Trust Payments, rely on its infrastructure to access stablecoins from major providers like PayPal, Circle, and First Digital. These stablecoins enable businesses to perform instant, low-cost cross-border payments, addressing the inefficiencies of traditional financial systems. As global stablecoin transactions reached $24 trillion in 2024—tripling PayPal’s payment volume—BVNK’s infrastructure offers a compelling alternative to legacy systems like Swift and card networks. By capitalising on the growing demand for transparent and efficient financial solutions, BVNK is at the forefront of reshaping the global payments landscape.
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Why it’s important
BVNK’s recent $50 million Series B funding highlights the rapid adoption of stablecoins in the global financial ecosystem. These digital assets are gaining recognition for their unparalleled efficiency and cost-effectiveness, revolutionising traditional payment systems. In 2024 alone, $5.2 trillion in global payments were attributed to stablecoins, a figure that is three times the payment volume handled by PayPal. This growth underscores stablecoins’ ability to streamline cross-border transactions by offering faster settlement times, reduced costs, and greater transparency compared to legacy systems like Swift and card networks. BVNK’s infrastructure is designed to meet these evolving needs, providing businesses with a modern, robust alternative for managing international payments. This latest funding round positions the company to scale its operations and deliver enhanced solutions that address the inefficiencies of conventional payment rails.
Jesse Hemson-Struthers, CEO of BVNK, emphasises that stablecoins are paving the way for a new era in financial transactions by removing the barriers associated with traditional systems. By enabling seamless, real-time global money flows, stablecoins eliminate inefficiencies, creating more accessible and effective financial ecosystems. BVNK’s planned expansion into the US, the world’s largest financial market, further strengthens its position as a leader in the stablecoin payments sector. The company’s advanced infrastructure is poised to address the surging demand for secure, scalable, and innovative payment solutions. By leveraging cutting-edge stablecoin technologies, BVNK empowers businesses to compete on a global scale, reducing transaction friction and unlocking new growth opportunities. With this strategic growth, BVNK is well-positioned to shape the future of the financial industry and redefine the role of stablecoins in mainstream finance.
