CandleFocus Stablecoin Payments Platform BVNK Raises $50M to Fuel U.S. Expansion
2024-12-17
Author: Content Editor
British stablecoin infrastructure platform BVNK has raised $50 million in Series B funding to support its expansion in the United States. The company, which previously raised $40 million in Series A funding, has been steadily building its U.S. presence, opening an office in San Francisco and applying for operational licenses in all U.S. states. BVNK aims to help businesses incorporate stablecoin payments into their operations, providing benefits such as instant settlement with merchants and the ability to pay contractors worldwide without delays or exchange-rate risks. The funding round was led by Haun Ventures and included contributions from Coinbase Ventures and Tiger Global.
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