Crypto payments provider BCB Group raises USD 60 mln in Series A

Tuesday 25 January 2022 11:58 CET | News

UK-based BCB Group, a crypto-dedicated payments services provider, has closed a USD 60 million Series A funding round.

The round was co-led by Foundation Capital with participation from BACKED VC, PayU (the e-payments business of Prosus), Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures, and LAUNCHub Ventures.

Previous investors North Island Ventures, Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital also participated in the round. The new financing will be used to accelerate BCB Group’s offerings of payments and banking services.

In March 2021, BCB Group had raised USD 4.5 million in strategic funding to snag more regulatory licenses. The round was co-led by North Island Ventures and Ventures. The firm acquired fintech-focused Sutor Bank in December 2021, gaining control of a German bank to drive the group’s expansion in the European Union.

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Keywords: cryptocurrency, mobile payments, crypto, mobile banking
Categories: DeFi & Crypto & Web3
Countries: United Kingdom
This article is part of category

DeFi & Crypto & Web3

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