BVNK
Also a provider — view BVNK’s profile →“Can a licensed, stablecoin-native payments infrastructure become the default rail for enterprise cross-border money movement?”
Founded2021
HQLondon, UK
FoundersJesse Hemson-Struthers, Don
Total raised$90M
IndustryInfrastructure / Payments
The story
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.
Last 12 months
2025-05
Product timeline
2021
BVNK founded to unify banks and blockchains for enterprise B2B payments.· pivot
2024
EU EMI license went live via System Pay Services (Malta), plus UK EMI operational — enabling named vIBANs in EUR and GBP.· banking
2025
Partnership with Worldpay to enable stablecoin payouts across 180+ markets for Worldpay clients.· acquisition
2026
Announced BVNK is now part of Mastercard.· acquisition
Acquisitions
Regulated entities
5
regulatory licences held by BVNK
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in BVNK’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: none
7 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.