Baanx Secures $20 Million in Series A Funding to Expand Crypto Payments in the US and Latin America

The cryptocurrency payments company aims to introduce non-custodial, on-chain payment solutions, offering users full control over their funds.

Baanx has raised $20 million in Series A funding, led by Ledger, Tezos, Chiron, and the British Business Bank, to expand its services to the US and Latin America.
The funding will support the introduction of non-custodial, on-chain payment solutions, allowing users to maintain full control of their funds while enabling real-world spending.
The company's total funding now exceeds $30 million, with a recent partnership with Mastercard in the UK and Europe.
Baanx's Chief Commercial Officer highlighted the aim to power the next generation of crypto payments amid growing consumer interest and the crypto market's popularity.
The rising demand for digital assets and cryptocurrencies is reflected in credit unions and other financial institutions exploring digital innovations and services.