BANK: A mysterious fintech project that competes with Revolution
Until recently, the BVNK startup was practically unknown. But in May 2022, he closed the $40 million Series A round and received a post-investment valuation of $340 million. The article tells about the history of the project and how it is going to compete with the leaders in fintech.
The strangeness begins with the name. As the 24-year-old co-founder and product director of BVNK, George Davis, says, it means banking, “turned upside down.” However, in an informal setting, employees simply call it “the bank”.
But the company is engaged not so much in banking as in cryptocurrency B2B payments.
BVNK officially launched just 11 months ago, in October 2021, and did not receive any external funding until the May round. Even by the […]