Crypto Payments Service Provider BCB Group Raises $60M Series A

2 years ago

BCB Group, a crypto-dedicated payments services provider, has closed a $60 cardinal Series A backing round.

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

  • Previous investors North Island Ventures, Blockchain.com Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital besides participated successful the round.

  • The caller financing volition beryllium utilized to accelerate BCB Group’s offerings of payments and banking services, the institution said successful a connection connected Tuesday.

  • The steadfast acquired fintech-focused Sutor Bank successful December, gaining power of a German slope to thrust the group’s enlargement successful the European Union.

  • CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups.

DISCLOSURE

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