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
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.
