ChainCatcher news, according to Fortune, UK stablecoin infrastructure company BVNK has raised $50 million in a Series B funding round, led by the large cryptocurrency-focused fund Haun Ventures, with participation from Coinbase Ventures and existing investor Tiger Global.According to a source familiar with the transaction, this funding round values BVNK at approximately $750 million.According to the Web3 asset data platform RootData, BVNK provides banking services and payments for crypto-native businesses. Companies using BVNK can accept payments in both fiat and cryptocurrencies, hold hundreds of different currencies and crypto assets, and send funds worldwide.

ChainCatcher news, according to Bloomberg citing informed sources, the stablecoin payment company BVNK, backed by Tiger Global, is in preliminary financing talks with potential investors, aiming to raise at least $50 million. The valuation and specific amount of this round of financing may change during negotiations.BVNK's financing plan comes shortly after payment giant Stripe acquired a significant player in the stablecoin payment sector, demonstrating venture capital firms' continued optimism about the stablecoin payment space.

ChainCatcher news, the crypto bank startup BVNK officially announced that it has become a UK Electronic Money Institution (EMI) licensed operator by acquiring the UK-regulated financial institution SPS LTD, with the specific acquisition amount not disclosed.Previously reported, the crypto startup BVNK announced in May that it completed a $40 million Series A funding round at a post-money valuation of $340 million, led by Tiger Global, with participation from investors such as The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, and Base Capital. (source link)