Share this article
BTC
$82,455.83
-
0.34%ETH
$1,764.43
-
1.27%USDT
$0.9995
-
0.03%XRP
$2.0574
-
3.64%BNB
$582.31
-
1.82%USDC
$0.9999
-
0.01%SOL
$114.97
-
2.28%DOGE
$0.1606
-
3.48%TRX
$0.2392
+
0.77%ADA
$0.6244
-
3.59%LEO
$9.0488
+
0.75%LINK
$12.30
-
2.47%TON
$3.2697
+
0.81%XLM
$0.2456
-
2.86%AVAX
$17.01
-
4.87%SHIB
$0.0₄1184
-
2.29%SUI
$2.1063
-
3.75%HBAR
$0.1538
-
3.33%LTC
$78.98
-
3.67%OM
$6.2023
-
0.71%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Crypto Payments Service Provider BCB Group Raises $60M Series A
The new financing will be used to accelerate BCB Group's offerings.
BCB Group, a crypto-dedicated payments services provider, has closed a $60 million Series A funding round.
- The round was co-led by Foundation Capital with participation from BACKED VC, PayU (the e-payments business of Prosus), Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures and LAUNCHub Ventures.
- Previous investors North Island Ventures, Blockchain.com Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital also participated in the round.
- The new financing will be used to accelerate BCB Group’s offerings of payments and banking services, the company said in a statement on Tuesday.
- In March 2021, BCB Group had raised $4.5 million in strategic funding to snag more regulatory licenses. The round was co-led by North Island Ventures and Blockchain.com Ventures.
- The firm acquired fintech-focused Sutor Bank in December, gaining control of a German bank to drive the group’s expansion in the European Union.
- CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Read more:BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
STORY CONTINUES BELOW
Will Canny
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
