Baanx raises $20 million in Series A led by Ledger and Tezos.

adminMarch 5, 2024

Posted 1 minute ago In ~

Baanx, a cryptocurrency payments company authorized by the UK Financial Conduct Authority, has raised $20 million in a Series A funding round led by Ledger, Tezos, Chiron and the British Business Bank.

Ledger is a cryptocurrency hardware wallet manufacturer that offers a Baanx-based prepaid cryptocurrency debit card.

The funds will reportedly be used to introduce the service in the United States and Latin America this year. Baanx’s total funding currently stands at over $30 million.

The London-based company has signed a three-year partnership with Mastercard in the UK and Europe.

Baanx’s token, BXX, is up about 8% in the last 24 hours.

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Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and was the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).

adminMarch 5, 2024