BVNK Secures $50M Series B to Accelerate Stablecoin Payment Expansion Across U.S. Markets

The London-based stablecoin infrastructure company has just closed a significant Series B funding round valued at $50 million, signaling strong investor confidence in its vision to transform how businesses handle cross-border payments and settlements using digital assets. This latest capital injection marks a critical milestone as BVNK continues its aggressive push to establish itself as a leading provider of enterprise-grade stablecoin payment solutions across North America.

The funding round was led by prominent venture capital firm Haun Ventures, with substantial backing from Coinbase Ventures and Tiger Global, reinforcing that institutional players see real potential in BVNK’s approach to making stablecoin payments practical for mainstream business operations.

Building Momentum: BVNK’s Journey to Market Leadership

BVNK’s trajectory has been remarkably swift since its founding in late 2021. Just months after launch, the company raised $40 million in Series A funding during May 2022, demonstrating early-stage traction and investor interest in its mission. By October 2022, BVNK achieved a major regulatory milestone by winning formal registration in Spain, validating its compliance frameworks and operational model within European markets.

The company’s recent expansion into the U.S. represents a natural next step in this growth narrative. Over the past 18 months, BVNK has established a physical presence in San Francisco while building out its American operations team to navigate the complex U.S. regulatory landscape.

Navigating U.S. Regulatory Complexity with Multi-State Approvals

One of BVNK’s most significant achievements has been securing stablecoin payment operational licenses across multiple U.S. jurisdictions. The company has already won approvals in several key states, including Alabama, Arizona, Delaware, Florida, Michigan, and New Hampshire, with applications pending in additional states. This methodical approach to regulatory compliance demonstrates BVNK’s commitment to building a legitimate, licensed foundation for its stablecoin payment infrastructure rather than operating in gray areas.

These multi-state approvals are particularly important in the context of the evolving regulatory environment around digital asset payments and stablecoin usage in financial transactions.

Why Stablecoin Payments Matter for Enterprise

At its core, BVNK’s platform addresses a genuine pain point for global businesses. The company enables organizations to incorporate stablecoin payments into their operational workflows in ways that traditional banking simply cannot match. Key use cases include:

• Contractor Payments: Companies can pay global contractors instantly without the delays and currency conversion costs associated with traditional wire transfers
• Merchant Settlement: Retail and e-commerce businesses can settle transactions with merchants in near-real-time using stablecoin rails
• Payout Infrastructure: Organizations can distribute payouts across borders with minimal friction and eliminated exchange-rate risks that typically accompany international transfers

These capabilities position BVNK as a meaningful alternative to legacy payment systems that remain slow, expensive, and operationally cumbersome for cross-border transactions.

The Broader Stablecoin Payment Opportunity

This funding announcement arrives as the broader stablecoin ecosystem experiences accelerated adoption and maturation. Recent market data shows the stablecoin sector reaching significant scale, with growing institutional and retail interest in using these digital currencies for actual commerce rather than just speculation or trading.

BVNK’s $50 million Series B injection suggests venture investors believe the stablecoin payment infrastructure market is approaching an inflection point where enterprise adoption will shift from experimental pilots to mainstream implementation. The combination of regulatory clarity, institutional backing, and proven payment use cases creates favorable conditions for platforms that can deliver reliable stablecoin settlement infrastructure to businesses at scale.

With its multi-state regulatory approvals now in place and fresh capital deployed, BVNK appears well-positioned to capture significant market share in the emerging enterprise stablecoin payment segment.