- VISA Ventures invested $2.27 million in stablecoin payment firm BVNK.
- BVNK expanded to the U.S. after a $50 million Series B round and now holds money transmitter licenses in 18 states.
- Visa is advancing stablecoin integration through recent partnerships with both BVNK and Bridge.
BVNK, a company based in the UK that supplies stablecoin payment infrastructure and wallet solutions, secured a strategic investment of $2.27 million from Visa Ventures in March. This step comes alongside the company’s ongoing efforts to develop its technology for digital currency payments.
According to company filings, this funding follows a $50 million Series B announced in December 2024. Of the total, approximately $36 million was new capital, while the rest came from share sales by two founders. Recent calculations based on the stock’s issuance price estimate BVNK’s current valuation at about $625 million.
BVNK’s payment volume using stablecoins—digital currencies designed to maintain a stable value—has risen from an annualized rate of $10 billion at the end of 2024 to $12 billion today. Some proceeds from these rounds helped the company set up offices in New York and San Francisco. As a result, BVNK has gained money transmitter licenses in 18 U.S. states.
“Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners,” noted Rubail Birwadker, Head of Growth Products and Partnerships at Visa.
Last week, Visa announced an agreement with another stablecoin infrastructure platform, Bridge, which was previously acquired by Stripe for $1.1 billion. Through this arrangement, fintech companies using Bridge will be able to issue Visa cards, allowing their users to pay with stablecoins. The move is part of Visa’s broader strategy to bring stablecoins into its payment network.
Stablecoins are a type of cryptocurrency meant to reduce price fluctuations by tying their value to traditional currencies or assets. By partnering with technology providers in the space, Visa continues to expand its reach and evolve its product range to accommodate the rise of digital assets.
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