BVNK, a global fintech innovator focused on stablecoin-powered payments, has successfully raised $50 million in Series B funding to fuel its next phase of growth. The funding round was led by Haun Ventures, joined by prominent investors such as Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global. The capital will enable BVNK to expand its stablecoin payment solutions, enhance its infrastructure, and establish a strong presence in the U.S. market. This development marks a significant milestone as the company continues to simplify access to stablecoins and fiat for businesses, processing over $10 billion in annualized payment volumes.
BVNK’s infrastructure offers businesses a seamless platform to send, receive, and manage stablecoin and fiat payments across global payment rails. Notable customers like Deel and Rapyd utilize BVNK’s solutions to streamline payroll and merchant settlements, showcasing stablecoins' potential to deliver instant settlements and reduce currency conversion risks. The company also plans to open offices in San Francisco and New York, emphasizing its commitment to the U.S. market. With growing regulatory clarity and global acceptance of stablecoins, BVNK envisions transforming traditional payment systems by integrating stablecoins into mainstream financial infrastructure. This funding reaffirms BVNK’s mission to modernize global payments and drive efficiency for businesses worldwide.
