BVNK Secures $50 Million for U.S. Expansion of Stablecoin Services

BVNK, a platform focused on stablecoin infrastructure, has successfully raised $50 million in a Series B funding round aimed at enhancing its operations in the United States.

Key Highlights:

Funding Goal: The funds will assist BVNK in continuing to grow its U.S. presence after earlier funding successes.
Previous Success: The company raised $40 million in Series A funding in May 2022 and gained regulatory approval in Spain shortly thereafter.
U.S. Offices: BVNK has been actively setting up an office in San Francisco and has applied for operational licenses across multiple U.S. states.

The latest funding round was spearheaded by Haun Ventures, with significant contributions from Coinbase Ventures and Tiger Global.

Objectives:

BVNK intends to empower businesses to seamlessly integrate stablecoin payments into their operations, facilitating various functions, such as global contractor payments and instant merchant settlements, thereby minimizing delays and exchange rate fluctuations.