Baanx, a cryptocurrency payments specialist authorized by the U.K.’s Financial Conduct Authority (FCA), has raised a $20 million Series A funding round with participation from the Tezos Foundation, Chiron, and the British Business Bank. “Over the past 12 months, we have been building out a series of non-custodial, on-chain products, creating a whole new type of crypto payment,” Chief Commercial Officer Simon Jones said in an interview. “Allowing the user full control of their funds whilst enabling real-world spend, we hope to power the next generation of crypto payments.” Baanx recently signed a three-year partnership with Mastercard for the U.K. and Europe.
Crypto Payments Specialist Baanx Raises $20M Funding Round
