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Baanx

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“Can a single API be the default crypto-to-card gateway behind every wallet, exchange and DeFi app that wants to offer spendable fiat?”

Founded2018
HQLondon, United Kingdom
Latest roundM&A ($30M, acquired/merged)
IndustryInfrastructure / BaaS

The story

Baanx started in 2018 as a crypto-friendly neobank concept and evolved into a B2B2C infrastructure provider: a multi-tenant gateway that lets neobanks, exchanges and DeFi platforms issue physical/virtual debit cards linked to custodial or non-custodial crypto wallets. The company runs the 'Crypto Life (CL)' white-label stack and now positions itself as crypto-to-card infrastructure, with the parent company's status marked as acquired/merged on PitchBook.

Last 12 months

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Product timeline

2018

Founded in London (formerly known as Naiad I) as a crypto-friendly digital finance platform· banking

2020

Launched Crypto Life (CL) white-label crypto card and wallet programs for B2B2C partners· card

2025

Acquired/merged per PitchBook listing ($30M M&A deal)· acquisition

The stack

1 layer disclosed in Baanx’s embedded-finance stack

KYC

Veriff

Accounting gap: minor

Baanx — frequently asked

Which KYC provider does Baanx use?

Baanx uses Veriff for KYC and identity verification.

Where is Baanx headquartered?

Baanx is founded in 2018 and headquartered in London, United Kingdom.

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