Yesterday UK-based payments firm BVNK announced a $50 million Series B funding round led by Haun Ventures, including DRW Venture Capital, Coinbase Ventures, Scribble Ventures and existing investors Avenir and Tiger Global. It follows a $40 million Series A in 2022. The company is using stablecoins to optimize business payments.
The funding comes shortly after Stripe’s $1.1 billion acquisition of another B2B stablecoin firm, Bridge.
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