BVNK, a UK-based B2B stablecoin payments firm, raised $50 million in a Series B funding round led by Haun Ventures, boosting its expansion efforts, particularly in the U.S., where it plans to open offices in New York and San Francisco despite limited licenses. The company reported 200% growth in payment volumes, reaching $10 billion annually, driven by clients like Deel and Rapyd, and achieved profitability in 2023 after revaluing its digital assets. BVNK positions stablecoins as a transformative infrastructure for payments, exemplified by its Layer1 self-custody solution and a leadership hire from Ripple Custody’s Metaco division.
B2B Stablecoin Firm BVNK Raises $50M, Reaches $10BN Annualized Volumes
