BVNK grabs $40 million for its crypto banking services

Cryptocurrency startup BVNK (pronounced ‘bee-vee-en-kay’) has closed a $40 million Series A funding round at a $340 million post-money valuation. Interestingly, Tiger Global is leading the round despite being in the news because they’ve experienced a $17 billion loss during this year’s tech stock sell-off.
Other investors in today’s funding round include The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, Base Capital and various business angels. BVNK signed its term sheet last month.
BVNK offers banking services and payments for crypto-native businesses. Companies using BVNK

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