BVNK, a stablecoin payments platform, has raised £40m in a Series B round led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global. Founded by Jesse Hemson-Struthers, BVNK provides infrastructure for businesses to send, receive, and store stablecoins and fiat currencies across global payment systems.
With a 200% year-on-year growth in payments volume, processing $10bn annually, BVNK has partnered with companies like Deel, Rapyd, and Trust Payments. The new funding will support expansion into the US, including the launch of offices in San Francisco and New York, as well as further innovation in its stablecoin ecosystem.
