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, 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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About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].

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