Pave Bank raises $39M led by Accel, Tether to expand programmable banking
Singapore-based Pave Bank secured $39 million in a Series A round led by Accel and Tether to expand its crypto and fiat programmable banking services.Summary
Pave Bank, a Singapore-based digital bank offering programmable banking solutions that combine crypto and fiat services for institutional clients, has successfully raised $39 million in a Series A funding round. The round was led by venture capital firm Accel and included participation from Tether Investments, Wintermute, and others, bringing Pave Bank's total funding to approximately $45 million. Founded in 2023, the company allows businesses to automate financial operations like payments and treasury management via APIs and smart contracts. Pave Bank, which holds a Georgian banking license and has a London office, plans to expand into the UAE, Hong Kong, and the European Economic Area, capitalizing on growing demand for programmable finance.
(Source：Cointelegraph)