Products: Business account, payment processing, cross-border payments
Overview: BVNK is a crypto payments platform, focused on assisting global businesses accept crypto and crypto-native businesses accept traditional payments. As traditional finance and crypto converge, BVNK helps businesses work across both crypto and fiat in their treasury, checkout, and payment flows.
From one account customers can bridge between fiat currencies and crypto assets to manage payment, trading, and custody alongside their fiat treasury. With a focus on regulatory compliance and acquiring appropriate licences, and through institutional crypto custody partnerships, lending desks and liquidity pools, BVNK offers banking for crypto-native and crypto-curious businesses.
At the centre of the BVNK payment platform is the business account, a multi-currency account where customers can send funds globally on local payment schemes, such as Faster Payments, SEPA, and automated clearing house (ACH). Within this account, customers can immediately settle payments made over the Payments API in both crypto and fiat, FX across both crypto and traditional currencies, and run their business.
Focused on an API-first approach, BVNK products can be integrated within hours into a customer’s existing platform or can be used independently through the BVNK portal, providing dashboards, access to all accounts, and insights relevant to managing a treasury across both fiat and crypto.
Clients: Payment Service Providers, mid-sized businesses with complex global treasury requirements, crypto-native platforms (exchanges, projects, wallet providers), fintech platforms.
Active region(s): EMEA, APAC, US launch coming soon
Partners: Copper, B2C2, Genesis, Modulr, &Simple
Funding: Series A funding totalling $40m was completed in May 2022 led by Tiger Global, with other notable investors including The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, and Base Capital. Angel investors include the respective founders of Anchorage Digital, CoinList, Eco.com and TrueLayer.
Elevator pitch: “Headquartered in London, BVNK is a digital asset-powered banking and payments platform for global businesses. As traditional finance and digital assets converge, we help businesses incorporate cryptocurrencies into corporate treasury operations. Via a single account, customers can bridge between fiat currencies and digital assets to manage payment, trading, and custody in support of their business goals. With a focus on regulatory compliance and acquiring appropriate licences, and through partnerships with best-in-class institutional crypto custody solutions, lending desks, and liquidity pools, BVNK is the banking experience for crypto-native and crypto-curious businesses.”
Email: [email protected]
TMI view: For treasurers looking to explore their options in the cryptocurrency payments space, BVNK offers a single platform bridge between fiat currencies and digital assets.
Verdict: Banking for crypto-native and crypto-curious businesses with a strong focus on respectability.