BVNK Secures $50 Million Series B Funding

BVNK, a fintech company specializing in stablecoin payments infrastructure, has successfully closed a $50 million Series B funding round led by Haun Ventures, with participation from other major investors such as Coinbase Ventures and Tiger Global. The London-based firm aims to expand its operations in the U.S., having already opened an office in San Francisco and applied for licenses across multiple states. BVNK has achieved significant growth, processing over $10 billion in annualized payment volumes and securing partnerships with leading stablecoin providers like PayPal and Circle. Stablecoins are increasingly being utilized by businesses for global payroll, merchant settlements, and marketplace payouts, effectively streamlining processes and reducing foreign exchange risks. CEO Jesse Hemson-Struthers emphasizes that stablecoins are revolutionizing payment methods, making transactions faster and more efficient. This funding marks a pivotal step in BVNK's mission to enhance global money movement and support businesses in adopting stablecoin solutions.