Crypto payments company BCB Group has raised $60 million in a Series A funding round.
BCB Group provides business accounts as well as cryptocurrency and foreign exchange market liquidity and custody for financial institutions.
The firm claimed this is the largest Series A funding round ever for a UK company in the blockchain industry.
The round was co-led by Foundation Capital and included participation from BACKED VC, PayU, Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures, and LAUNCHub Ventures.
BCB Group said the funding round will enable it to provide payments and market infrastructure across more regions, as well as to acquire strategic stakes in critical infrastructure partners.
“Our mission is to connect and bank the global crypto industry,” said founder and chief executive at BCB Group Oliver von Landsberg-Sadie. “This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry.”
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