“Can a licensed, stablecoin-native payments infrastructure become the default rail for enterprise cross-border money movement?”
Founded in 2021 as a stablecoin-native enterprise payments platform unifying fiat and blockchain rails. Scaled to $30bn+ annualized volume by 2026 on the back of EMI licenses in UK and Malta plus US MTLs. Landed marquee distribution partnerships with Worldpay (stablecoin payouts to 180+ markets), Deel (contractor payroll in stablecoins), and Corpay Cross-Border. Announced as part of Mastercard in 2026 — positioning as the stablecoin infrastructure layer for a major network.
BVNK discloses BVNK Services Limited (in-house) and System Pay Services (Malta) Limited (in-house) as its banking providers, according to the Embedded Finance Index 2026.
BVNK does not disclose a bank charter of its own; its banking services are provided through BVNK Services Limited (in-house) and System Pay Services (Malta) Limited (in-house).
BVNK processes payments through Worldpay, checkout and global payments.
BVNK's cards are issued through BVNK Cards (in-house).
BVNK uses BVNK (in-house) for FX and cross-border payouts.
BVNK's crypto products run on BVNK (in-house) and bvnk.
The Embedded Finance Index 2026 maps 5 layers in BVNK's stack: Payments / PSP (Worldpay, checkout and global payments); Banking / BaaS (BVNK Services Limited (in-house) and System Pay Services (Malta) Limited (in-house)); Card issuing (BVNK Cards (in-house)); FX & payouts (BVNK (in-house)); Crypto (BVNK (in-house) and bvnk).
BVNK was founded by Jesse Hemson-Struthers and Don and is founded in 2021, headquartered in London, UK.
BVNK has raised $90M in total.
BVNK's acquisitions include System Pay Services (Malta) Limited (2024).
Get a read on where your own stack stands against BVNK and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.