London based crypto payments company BVNK has announced that it has raised USD $50 million in a Series B funding round, to fuel the next phase of its growth, powering stablecoin payments for businesses worldwide. The company also unveiled plans to expand into the US market.
The investment round was led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, and existing investors Avenir and Tiger Global.
BVNK said it chose Haun Ventures to lead the Series B round because of their track record of backing transformative companies shaping the future of finance. Founded by Katie Haun, previously General Partner at a16z and a Board Member at Coinbase, Haun Ventures brings the strategic insight, capital, and network needed to help BVNK achieve its mission of accelerating payments globally.
The company added that it had ambitious plans for 2025, including expansion in the US.
BVNK said that it sees a future where stablecoins and all leading fiat currencies are seamlessly interchangeable in real time. It is building the backbone for global stablecoin and fiat transactions, abstracting complexity and enabling businesses to grow internationally.
Jesse Hemson Struthers, Co-Founder & CEO, BVNK said,
“Stablecoins are an infrastructure upgrade for payments, ready to replace legacy systems.”
BVNK added that now is the right time to double down on its mission. Closing this funding round is a vote of confidence in its strategy, and enables the company to bring stablecoin payments to one of the largest global markets: the US.
Over the past year, BVNK has been building out its US team, local banking infrastructure, and operational licenses. In parallel to the financing round, BVNK also announced that it is opening an office in San Francisco, and establishing a presence in New York City. With growing regulatory clarity and exciting new US legislation on the horizon, BVNK said its ready to make 2025 a transformative year for stablecoin payments.
