BVNK
Traditional and digital finance payments
Company mission
BVNK's mission is to make payments as accessible as the internet.
Employees
201-500
HQ Location
Barbican, London, UK
OTTA INSIGHTS
362% employee growth in 12 months
Otta's take on BVNK
Sam Franklin
CEO of Otta
The problem for traditional financial institutions looking to accommodate crypto is how to on-ramp: how to facilitate crypto payments, convert them into fiat currency and manage integrated bookkeeping. Banking and payments platform BVNK is hoping to square this circle with an API-based platform that allows businesses to deal in both crypto and fiat from a single hub.
This is likely to prove essential for the businesses seeing increased demand for crypto transaction capabilities despite a sustained period of volatility in the market. This demand isn’t restricted to specialist markets, either - and is especially strong in the US, where BVNK has set its sights on expanding following a round of impressive funding. It has also recently moved into the UK with the savvy acquisiton of System Pay Services, a UK-licensed e-money fintech. This will allow it to serve UK businesses compliantly.
BVNK is processing a multi-billion annualized payment volume. With this strong start in a sector that’s increasingly warming to neobanks and open banking, BVNK’s crypto-native service is in an excellent position to reap growing demand for crypto integration within the US, UK and emerging markets going forward.
Total funding - $40m
Last fundraise
May 2022
$40m
SERIES A
This company has top investors
Company benefits
- Flexible working hours, with hybrid working at its heart
- A culture built on passionate growth minded people
- A flexible approach to holiday, with 25 days as standard
- Opportunities to travel to our offices around the world, in locations such as London and Cape Town, to collaborate with your colleagues
- An open and creative environment where you can help us define the future of BVNK, its culture, and its opportunity sets
Company values
- Speed: We make and act on decisions quickly using data to guide us. A good plan violently executed now is better than a perfect plan next month.
- Meritocracy: Ideas are selected and people are rewarded based on merit. Not tenure, hierarchy or social status.
- Curiosity: We ask questions and seek the truth rather than making assumptions. We are continuously learning about our customers, our industry, and each other.
- Integrity: We hold ourselves and each other accountable, taking pride in our work. Stability and resilience are at the core of everything we build.
Articles
Founders
Previously a founding partner of VC firm Niveus Ventures, before moving on to co-found Coindirect, and then Balfour Group. Alongside work with BVNK, they are also a chair at MasterStart.
Donald J
(CTO)They are an entrepreneur and founder or a banking security startup, which was acquired by a listed company.
Darran Pienaar
(CFO)They have 14 years of experience across a variety of finance and treasury roles, including Ebury, M&S and Tesco.
Chris Harmse
(VP of Revenue)They have 10 years of cross-asset experience on the sales and trading desks of global investment banks.
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