a year ago

Baanx Secures $20 Million Series A Funding to Expand Payment Services

  • Baanx, a London-based provider of payment services, has raised $20 million in Series A funding from investors including Ledger, Tezos, Chiron, and the British Business Bank

  • The company intends to use the funds to expand its operations, business reach, and development efforts

  • Baanx offers B2B2C services for digital asset-friendly financial services, such as debit cards, digital wallets, and payment gateways

  • The company also provides white-label, fully managed applications to user communities, helping to bridge the gap between Web3 technology and the financial services sector.

      • ProblemFinancial Services

      "Establish digital asset friendly financial services and bridge the gap between web3 technology and the financial sector"

      Solution

      "Provide payment services such as traditional credit cards and cryptocurrencies, including debit cards, digital wallets, IBANs/DDA accounts, borrowing/lending, remittance/FX, and payment gateways, with a focus on mass adoption of blockchain technology and digital assets"

      Covered on