BVNK has successfully raised $50 million in Series B funding, marking a significant milestone in its journey to revolutionize stablecoin payments. The funding round, led by Haun Ventures, also saw participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, and existing investors Avenir and Tiger Global. This investment signals strong confidence in BVNK’s vision of accelerating global payment systems through stablecoins.

Katie Haun, founder of Haun Ventures and former General Partner at Andreessen Horowitz (a16z), brings strategic expertise to BVNK’s mission. Haun Ventures, with its reputation for backing transformative financial innovations, is an ideal partner to support the company’s ambitious growth plans. This collaboration reinforces BVNK’s position as a leader in stablecoin payment solutions.

Since its Series A funding led by Tiger Global in 2022, BVNK has seen remarkable growth, achieving a 200% year-on-year increase in payment volumes. The platform now processes $10 billion annually, serving businesses like Deel, Rapyd, and Trust Payments. With a focus on simplifying blockchain complexity, BVNK has developed an infrastructure that enables businesses to send, receive, and store both stablecoins and fiat currencies seamlessly.

The company’s recent launch of its self-custody solution, Layer1, demonstrates its commitment to catering to businesses at various stages of their stablecoin adoption. Through strategic partnerships and robust licensing, BVNK has also strengthened access to leading stablecoins globally.

Real-world applications of stablecoin technology have already shown transformative potential across various industries. For instance, Deel uses BVNK to pay contractors worldwide quickly and efficiently, while Rapyd and Visa leverage stablecoins for instant merchant settlements, eliminating cross-border banking delays. These innovations highlight the efficiency, reliability, and cost-effectiveness of stablecoin-based transactions.

Despite challenging market conditions for crypto businesses, BVNK remains steadfast in its belief that stablecoins represent a critical upgrade to legacy payment systems. In 2024, the global stablecoin market saw $24 trillion in transactions, with $5.2 trillion attributed to payments—three times the volume of PayPal. This demonstrates the growing adoption of stablecoins in global financial services.

The recently secured funding will allow BVNK to expand its presence in the United States, one of the world’s largest payment markets. The company is establishing offices in San Francisco and New York City, building local infrastructure, and acquiring operational licenses. With increasing regulatory clarity and supportive legislation on the horizon, BVNK is well-positioned to make 2025 a transformative year for stablecoin payments.

As BVNK continues its journey, its mission is clear: to create an infrastructure where stablecoins and fiat currencies are interchangeable in real-time, unlocking unparalleled efficiency and growth opportunities for businesses worldwide.