Baanx raises $20 million Series A led by Ledger and Tezos

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The Block2024/03/05 11:58

By:The Block

Quick Take: Baanx has reportedly raised a $20 million Series A. Ledger, Tezos, Chiron and British Business Bank led the round.

Baanx raises $20 million Series A led by Ledger and Tezos image 0

U.K. Financial Conduct Authority-authorized crypto payments firm Baanx has raised $20 million in a Series A funding round led by Ledger, Tezos, Chiron and British Business Bank.

Ledger is a crypto hardware wallet manufacturer that offers a Baanx-powered pre-paid crypto debit card.

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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