Baanx raises $20 million Series A led by Tezos and Chiron
Quick Take
- Baanx has reportedly raised a $20 million Series A.
- Tezos, Chiron and British Business Bank led the round.
Correction (Mar. 6, 2024, 20:35 UTC): Contrary to what was reported in an earlier version of our story, Ledger, the crypto hardware wallet manufacturer that offers a Baanx-powered pre-paid crypto debit card, was not an investor in this round.
U.K. Financial Conduct Authority-authorized crypto payments firm Baanx has raised $20 million in a Series A funding round led by Tezos 
XTZ
+1.59%
, Chiron and British Business Bank.
The funding is reportedly being dedicated to introducing services in the United States and Latin America this year. Baanx's total funding is now over $30 million.
Based out of London, the firm signed a three-year partnership with Mastercard in the U.K. and Europe.
Baanx's token, BXX, is up roughly 8% over the past 24 hours.
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