BVNK raises $50m Series B to expand global Stablecoin payments

By Gloria Methri

BVNK, a London-based stablecoin payments platform, has raised $50 million in Series B funding to accelerate the global adoption of its payment solutions. The round was led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, and existing investors Avenir and Tiger Global.

CEO Jesse Hemson-Struthers highlighted the funding as a vote of confidence in BVNK’s mission to simplify global payments with stablecoins. Since its Series A in 2022, BVNK has processed $10 billion in annualised payments for businesses like Deel, Rapyd, and Trust Payments, achieving 200% year-on-year growth.

The platform allows businesses to send, receive, and store stablecoins and fiat currencies across blockchains and payment rails. By eliminating cross-border banking delays and reducing currency conversion risks, BVNK has become an essential tool for industries like global payroll, merchant settlements, and marketplace payouts.

“Stablecoins are an infrastructure upgrade for payments, ready to replace legacy systems like Swift,” Hemson-Struthers said.

The company plans to use the funds to expand its US operations, with new offices in San Francisco and New York City. BVNK is also investing in local banking infrastructure and securing operational licenses to capitalize on growing regulatory clarity in the US.

The funding comes at a time of rising stablecoin adoption, with $24 trillion in global stablecoin transactions in 2024 and payments accounting for $5.2 trillion. Hemson-Struthers emphasised the transformative potential of stablecoins, noting their ability to solve real-world problems like instant settlement and liquidity for businesses worldwide.

With this latest round, BVNK aims to strengthen its position as a leader in the evolving payments landscape and set the stage for a transformative 2025.