BVNK, a digital payments company, has recently raised a Series-A round of USD 40 million to fuel its mission of providing consumers and small businesses a frictionless way to pay and receive payments.
Using blockchain and cryptocurrency, BVNK is poised to revolutionise global payments and bring the use of digital currencies to the mainstream.
This article will discuss BVNK’s objectives, funding news, and more.
Overview of BVNK
BVNK is a US-based technology company that develops cutting-edge products and services that enable companies and individuals to easily integrate cryptocurrency into their existing payment systems. Our mission is to help speed up the mainstream adoption of cryptocurrencies, making it easier for developers and businesses to access the benefits of crypto payments.
We understand that crypto payments are still an early-phase technology, which means real challenges and risks are associated with integrating them directly into existing infrastructure. Our platform has been developed with security, reliability, scalability and global reach in mind.
The BVNK platform gives companies easy access to a suite of products designed to simplify integrating cryptos into existing payment networks. It enables companies to quickly migrate cash-based operations to a secure digital currency system without rebuilding their systems from the ground up. Whether they’re building their proprietary cryptocurrency programs or connecting up existing networks such as Visa and Mastercard, our comprehensive feature set takes care of all the heavy lifting.
We also offer additional services such as wallet management, merchant onboarding platforms, real-time analytics tools, 24/7 monitoring services and more. With us as your trusted partner in crypto payments, you can rest assured that your business will be able to take full advantage of all of these new opportunities for growth with minimal effort on your part.
Overview of Series-A Round
BVNK is a fintech startup specialising in providing customers access to digital payments and money transfers supported by blockchain and cryptocurrency. The company recently announced the completion of its Series-A funding round, which raised $2.9 million. This will enable BVNK to continue its architecture development to drive more robust financial applications designed to bridge the gap between conventional banking infrastructure and emerging blockchain technology.
The Series-A round was led by Lightspeed Venture Partners, Checkout.com, Speedinvest and Rocket Internet’s Global Founders Capital (GFC). Other investors included 10X Capital, Global Entrepreneurs Fund, Steve Krenzer of Crypto Finance AG, Boost VC and VentureOne Ventures.
This investment follows the addition of key members from Visa, Paypal and IBM Watson to BVNK’s team for them to develop innovative financial infrastructure powered by blockchain technology with a focus on security and scalability.
These capital injections further position BVNK as a leader in crypto-powered payments and provide greater support for Financial Institutions (FIs) and fiat currencies moving towards the crypto world established by frictionless, global peer-to-peer payments systems powered by distributed ledger technology (DLT). With this technology powering faster money transfers than ever before across multiple currencies around the globe through its FI partners — including banks such as Swissquote Bank SA — BVNK could drastically disrupt how money is exchanged worldwide compared to traditional services like SWIFT or FedWire which are currently still much longer transaction processes existent today.
BVNK’s mission
BVNK, a digital payments platform, has recently raised USD 40 million in a Series-A round to fuel crypto-powered payments.
This investment will allow BVNK to accelerate its mission of providing a seamless payments experience for users globally.
With this new injection, BVNK is set to become one of the leading players in the crypto-powered payments space.
Establish a global payments infrastructure
BVNK’s mission is to enable people and businesses worldwide to easily access the global financial system by providing a secure and accessible digital payments infrastructure. Our focus on technology, compliance and security makes it easier for our customers to connect their payments to digital assets like cryptocurrencies. We strongly believe that digital currencies will play a huge role in the future of payments, making them faster, more secure and more efficient than traditional payment systems.
We want BVNK to be an industry leader in crypto-powered payments and fintech, so we strive to create streamlined systems that minimise costs while creating innovative products that provide maximum value. Our company provides various features that allow users worldwide to send and receive money quickly from anywhere. We’re also committed to helping educate our customers about our services so they can use them confidently whenever needed.
In addition, BVNK researches innovative technologies to create protocols for public blockchains such as Ethereum, Cosmos, Cardano or ADA that will allow our customers even better access when sending and receiving funds via instant transactions as well as provide sophisticated security measures like hierarchical deterministic wallets. By combining cutting-edge technology with experienced talent from many disciplines including finance, engineering, legal & compliance we look forward to positively impacting the global payments landscape moving forward.
Enable users to make payments with crypto
At BVNK, our mission is to make it easy for users worldwide to access and use digital assets to enjoy the advantages of crypto-powered payments. We aim to create a financial network that simplifies access and allows individuals, businesses, and institutions of all sizes to confidently take advantage of digital assets. At its core, our goal is to unlock the potential of these technologies and create a better way for everyone worldwide to send, receive and store money.
Our platform enables users to securely store their digital assets in one place with support for multiple currencies so they have complete control over their funds. In addition, we provide an infrastructure and APIs that enable developers, businesses and other payment service providers around the world the ability to access deep liquidity from our network for better movement between traditional finance products such as e-Commerce stores, debit cards or bank accounts letting them receive fiat or cryptocurrencies payments instantaneously at near zero fees.
BVNK also promotes financial inclusion by enabling any size business or individual user to begin accepting various types of payments including cryptocurrencies safely via API-driven payment gateway solutions, like swissmoney or prepaid cards. Our range of API tools also allow developers to build in-app check deposits and drive merchant implementation efforts via software integrations eCommerce plugins, mobile wallets or point-of-sales solution applications among others, enabling them to process digital assets seamlessly wherever they are based on geolocation globally.
To accomplish this mission, BVNK will always offer innovative products backed by our commitment towards user safety through ongoing updates regarding security measures put at risk clients funds while embracing regulation standards across local jurisdictions aiming at providing every client’s trust. At the same time, they use BVNK’s services maintaining users’ privacy as a matter of highest importance service philosophy across every client dependency worldwide.
Leverage the power of blockchain technology
BVNK is on a mission to leverage the power of blockchain technology to make payments easier, faster, and more secure. We aim to close the gap between retail payments and digital currencies, making it easier for consumers, businesses and governments to use digital currencies for day-to-day transactions.
To achieve this goal, we are leveraging our expertise in distributed ledger technology (DLT) which allows us to offer businesses advanced features that other payment gateways can’t match. For example, our DLT infrastructure allows us to provide payment processing solutions tailored specifically for digital asset holders and speedier settlement speeds than traditional payment gateways with reduced transaction fees.
At BVNK, we believe in creating a real-world usage case for blockchain-powered payments. By providing advanced tools that make it easier for businesses and governments to enter into the realm of digital currency usage without sacrificing scalability or security, we’re helping bridge the gap between traditional payments and the brave new world of blockchain technology. We think it will revolutionise the way people and organisations do business!
BVNK Raises USD 40m In Series-A Round To Fuel Crypto-Powered Payments
BVNK recently raised USD 40m in Series-A round to fuel crypto-powered payments. This initiative is backed by notable investors such as Visa, Citi, and Avanta Ventures. The fundraising aims to develop the world’s first global payments network that enables users to send money across borders at minimal cost with the help of encryption and blockchain technology.
But what benefits could this mission bring to users and the crypto space? First, let’s explore the possible impact of BVNK’s mission.
Increased financial inclusion
BVNK is committed to increasing financial inclusion and access to financial services worldwide by enabling crypto-powered payments. Using blockchain technology to enable consumers, businesses and developers from anywhere to join the cryptocurrency economy, BVNK is helping billions of people access the world economic system with little or no capital cost. This allows users in remote and unbanked regions to enjoy their share of the global economy and open opportunities for entrepreneurship, investments and better quality of life by expanding their access to financial services.
The benefits of such an effort are vast as this opens up more pathways for global commerce, thus creating more socio-economic freedoms, removing barriers that traditionally exist due to culture or geography. Furthermore, with this increased inclusion comes an increase in economic activity as mobile and digital payment options become more accessible and affordable. As a result, many individuals can use cryptocurrencies for savings and investments since BVNK provides easy access through their automated systems. These efforts fuel greater community sentiments around shared wealth and prosperity vital for sustainable development while decreasing inequality among nations.
Lower transaction costs
BVNK’s mission is to make crypto-powered payments available to everyone. BVNK offers a full suite of integrated products that enable merchants and consumers to transact with cryptocurrency in a secure, cost-effectively and competently. The BVNK platform reduces transaction costs for merchants, allows them to accept digital currencies worldwide, and provides users with additional payment options that are secure and fast.
Merchants will benefit from lower transaction costs by accepting digital currencies through BVNK. Transactions completed using digital currency generally have lower processing fees than traditional payment methods. Furthermore, due to the global network of users that use BVNK’s platform, merchants’ reach can extend beyond their geographical region, opening up more sales opportunities while lowering the cost of international transactions.
Additionally, accepting cryptocurrency eliminates chargebacks—a problem inherent with credit card payments; an issuer cannot recall any funds received through crypto payments after they have been sent. This guarantees a merchant’s sales revenue since there is no risk of the recipient being unable to pay back an amount already spent. Additionally, the speed at which these transactions occur helps merchants get paid faster with fewer settlement delays.
With reduced transaction costs and access to additional payment options for customers worldwide without concerns over fraudulent activities or volatile exchange rates, retailers can increase their profit margins in line with their increased customer base.
Improved security and privacy
BVNK is committed to preserving the security and privacy of the holders and users of their digital currencies. By using a multifaceted approach combining user authentication, advanced encryption and fraud prevention tools, BVNK provides a secure platform for all cryptocurrency transactions.
To ensure only authorised transactions, user accounts are also monitored using a variety of security measures such as IP checks and two-factor authentication. BVNK is also compliant with all major regional payment processing regulations.
Additionally, BVNK users’ personal information is not shared or stored without consent, providing greater privacy than traditional payment methods. Furthermore, transactions are kept confidential with end-to-end encryption so no third party can view details such as addresses, payment amounts or transaction timing. Finally, users can delete stored information to ensure their data stays private.
Investors in BVNK’s Series-A Round
BVNK, the crypto-powered payments company, has raised USD 40m in a Series-A Round of funding. The round was led by Iconiq Growth and supported by investors such as Digital Currency Group, Valar Ventures, Refactor Capital, Blockchain Capital, Fifth Wall, 1 confirmation, and Slow Ventures.
This funding will fuel BVNK’s mission to create a crypto-powered payments infrastructure for businesses and individuals worldwide.
Overview of investors
BVNK is proud to have built the support of outstanding investors from around the globe for its Series-A round. The round was led by Pantera Capital, one of the best known venture-capital firms in crypto, and joined by Crypto.com, Quantum Economics Plus, Blockchain Capital, DIFX, Uncorrelated Ventures and other prestigious investors.
The round was firmly focused on building a team capable of driving out BVNK’s mission to make cryptocurrency payments accessible to everyone and be the world’s most efficient digital payments network for consumers and businesses alike.
Simultaneously, BVNK has secured strategic investments from CAAMA Capital (an Abu Dhabi based family office), Koinal Ltd., Avantgarde Funds and JRR Acquisition Corporation (a publicly listed entity on the New York Stock Exchange). These organisations have provided the invaluable strategic support required to enter new markets ripe with opportunity.
Fundamentally all of these investors share BVNK’s vision of providing a global suite of products that enable merchants to transact directly with any currency or asset while providing consumers complete access to finance services in a secure environment powered by blockchain technology.
Impact of the investment
BVNK recently announced its successful completion of a Series-A investment round, raising $13 million. Pantera Capital, Castle Island Ventures and other key investors led the round.
The successful Round-A funding supports BVNK’s mission to fuel crypto-powered payments on the global stage and further validates the vision behind the BVNK platform. In addition, a strong network of financial backers will help BVNK expand its product offering and reach more businesses and individuals worldwide with innovative payment solutions.
The impact of the investment will continue to fuel innovation for its users, drive awareness for cryptocurrencies in general, and create more opportunities for adoption on a larger scale. In addition, having leading venture capital firms invest in BVNK reinforces the company’s strong potential as an industry leader in blockchain payments — especially given its success in emerging markets. As such, this additional capital allows BVNK to build even greater infrastructure to adequately cater to the changing needs of payments customers worldwide while having an even larger impact on a global scale.
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