3 years ago

BVNK Raises $40 Million Amidst Crypto Market Volatility

  • BVNK, a London-based cryptocurrency startup, has secured $40 million in Series A funding led by Tiger Global, despite the recent downturn in the crypto market

  • The funding will be used to expand BVNK's services, which include banking and money management for businesses operating in both traditional and digital assets

  • BVNK aims to bridge the gap between crypto and fiat currency, offering a range of services that traditional banks provide to businesses

  • The company has pivoted from a consumer-focused crypto exchange to a business-facing product offering, and now employs 120 people.

      • ProblemFinancial Services

      "Crypto companies struggle to balance operations across traditional and digital assets, lacking access to banking and money management services tailored to their needs."

      Solution

      "BVNK provides financial services specifically designed for businesses using cryptocurrency, offering banking and money management services to bridge the gap between crypto and fiat currency."

      Covered on