Invezz.com – A Bloomberg report reveals stablecoin payments provider BVNK is reportedly in early discussions to raise at least $50 million in a fresh funding round, highlighting growing investor interest in the digital payments sector.
Sources familiar with the matter revealed the discussions remain preliminary, with the potential size and valuation of the raise still under negotiation.
This development comes as the stablecoin ecosystem gains momentum, underscored by major deals such as Stripe’s acquisition of Bridge, a stablecoin infrastructure provider.
BVNK’s impressive growth and $340 million valuation
Founded in 2021 by Donald Jackson and Jesse Hemson-Struthers, BVNK quickly gained traction with its innovative approach to payments.
The company processes $8 billion in annual payments and employs over 270 people, making it a notable player in the fintech space.
In its previous Series A funding round, BVNK…
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