CandleFocus Stablecoin firm BVNK looks to raise $50m amid market surge
2024-11-15
Author: Content Editor
London-based stablecoin startup BVNK is reportedly in early discussions to raise $50 million in a new funding round. The company, which previously raised $40 million in Series A funding, is said to be processing $8 billion in payments annually and employs over 270 people. Investor interest in the sector has grown following Stripe's acquisition of stablecoin infrastructure provider Bridge. BVNK allows users to buy, sell, and transfer both fiat currencies and cryptocurrencies, and holds regulatory licenses in the UK, Spain, South Africa, and Malta.
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