# BVNK Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bvnk-services

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.bvnk.com
- Total disclosed funding: $90M
- Latest round: Series B (Dec 17, 2024)
- Investors on record: 12

## About

BVNK Services Limited is a UK-based company that provides enterprise-grade payments infrastructure tailored for stablecoins, facilitating seamless transaction experiences for businesses on both local and international payment platforms. Founded in 2021 by Jesse Hemson-Struthers, Donald Jackson and Chris Harmse and headquartered in London, UK, BVNK Services Limited specializes in a payment infrastructure focused on stablecoins. In March 2026, Mastercard International Incorporated agreed to acquire BVNK Services Limited from Kinled Holding, Aavenir Inc., Base Capital, Concentric, Kingsway Capital, Nordstar, Raba, Tiger Global Management, AVENIR, Coinbase Ventures, DRW Venture Capital, Haun Ventures, Scribble Ventures, Visa, Citi Ventures for USD 1.8 billion.

BVNK offers an enterprise-grade payments infrastructure specifically designed for stablecoins, enabling businesses to send and receive payments seamlessly using both local and international payment rails. The platform allows users to accept stablecoin payments with minimal coding requirements and facilitates instant transfers within the BVNK ecosystem. Key use cases include enabling global payroll solutions, providing payment services for marketplaces, and facilitating payouts in the gaming sector. BVNK serves a diverse clientele that includes financial institutions and businesses operating in various industries, such as fintech, marketplaces, and global payroll providers. The company's products are available in over 130 countries, targeting markets where stablecoin adoption is growing, and where businesses require efficient cross-border payment solutions.

BVNK's revenue model is primarily based on fees charged to merchants for utilizing its payment services. This structure is typically characterized by tiered pricing plans that vary according to payment volumes processed through the platform. A business engaging in cross-border transactions may utilize BVNK’s infrastructure to facilitate payments in stablecoins or fiat, incurring fees based on the transaction volume. BVNK's flagship offerings, which include managed payment solutions and self-managed payment options, are designed to cater to a range of clients—including those looking to process significant monthly payment volumes. The firm’s focus on compliance and regulatory clarity positions it strategically in a market that is increasingly leaning towards digital asset integration.

## Funding rounds

- Series B, Dec 17, 2024, $50M — Tiger Global Management, DRW Venture Capital, Coinbase Ventures, Scribble Ventures, AVENIR, Haun Ventures
- Series A, May 12, 2022, $40M — Tiger Global Management, Concentric, Base Capital, Kingsway Capital, Raba, Aavenir Inc., Nordstar

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B
- Concentric (https://capitalatlas.ai/funds/concentric) — Series A
- Base Capital (https://capitalatlas.ai/funds/base-capital) — Series A
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Series A
- Raba (https://capitalatlas.ai/funds/raba) — Series A
- Aavenir Inc. — Series A
- Nordstar (https://capitalatlas.ai/funds/nordstar) — Series A
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Scribble Ventures (https://capitalatlas.ai/funds/scribble-ventures) — Series B
- AVENIR — Series B
- Haun Ventures (https://capitalatlas.ai/funds/haun-ventures) — Series B