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Payments startup BVNK raises $40M from Tiger Global and other investors

Crypto-service-oriented payments startup BVNK closed a $40 million Series A funding round at a $340 million valuation led by Tiger Global.

The round also included The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, Base Capital and unnamed business angels.

Through the API, BVNK partner clients have access to operations with “hundreds” of digital assets and fiat currencies. Initially, the company positioned itself as a bitcoin exchange with a focus on emerging markets and money transfers.

BVNK offers direct bank account integration to save on payment card transactions.

According to the startup, in terms of the year, the volume of payments exceeded $ 2 billion.

Recall that in April, the fintech company Bolt Financial agreed to take over the payment blockchain startup Wyre Payments for ~$1.5 billion.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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