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BVNK

Provider
Crypto / StablecoinCrypto CustodyFX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 13 companies across 3 categories.

bvnk.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesCrypto / Stablecoin, Crypto Custody, FX / Payouts
Rank#4 of 57 in Crypto / Stablecoin
Buyers13 companies
HeadquartersLondon, UK
Founded2021
FoundersJesse Hemson-Struthers, Don
Raised$90M

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Founders & story · from BVNK’s own dossier

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.

Recent developments
  • 2025-05Partnership with Worldpay to enable stablecoin payouts for global businesses across 180+ countries. source ↗
  • 2026-01Published four-pillar framework for scaling enterprise AI internally. source ↗
  • 2026-03Crypto-asset data processing migrated from SPS Spain to SPS Malta (EMI + CASP) — consolidating EU regulatory perimeter under Malta. source ↗
  • 2026-08-03Acquired by Mastercard — announced 2026-03-17 and completed 2026-08-03 — up to $1.8B total consideration (~$1.5B initial, up to $300M in earnouts tied to performance targets). Integrates BVNK's on-chain payment rails into Mastercard's fiat network for cross-border transfers, remittances, and B2B payments. source ↗
Acquisitions
System Pay Services (Malta) Limited2024
Acquired and operationalized as BVNK's EU EMI entity in Malta to enable licensed B2B EUR/GBP payment services in the EU.
Full dossier: BVNK’s own stack, layer by layer →
Who uses BVNK
13 companies disclose BVNK in their stack
DerivCoinflowBitsoDeelMarqetaNodaLivitpayUtoppiaXapo BankRailsrTrade NationBorderless.xyz+1 more
Buyer mix · 13 of 13 classified
Fintech / Crypto · 2Infrastructure / Payments · 2Fintech / Cross-border payments · 1Fintech / Investment · 1Fintech / Neobank · 1Fintech / Retail FX & CFD Broker · 1Fintech / Retail trading & CFDs · 1Horizontal SaaS / HR & Payroll · 1
UK · 4US · 3EU · 2LATAM · 1
What the disclosures say
Deriv
“BVNK publicly lists Deriv as a customer at bvnk.com/case-studies (TIER 1 known_customer_listing).”
Coinflow
“BVNK lists Coinflow as a customer at bvnk.com/case-studies (TIER 1 known_customer_listing).”
Bitso
“BVNK partnership extends stablecoin payments across Europe-LatAm.”
Deel
“FinanceFeeds article (financefeeds.com/deel-launches-stablecoin-payroll-infrastructure-powered-by-bvnk, May 2026) names Deel and BVNK together explicitly, describing stablecoin salary payout infrastructure powered by BVNK and a dedicated Deel crypto division.”
Marqeta
“Marqeta partnered with Zerohash and BVNK (announced ~2026-07) to enable stablecoin-backed card spending: they provide regulated custody/compliance/liquidity, Marqeta provides card issuance and bank/network relationships. https://www.marqeta.com/blog/marqeta-partners-with-zerohash-for-stablecoin-cards-heres-what-it-mean…”
View source · marqeta.com ↗
Noda
“BVNK publicly lists Noda as a customer at https://bvnk.com/case-studies (TIER 1 — known_customer_listings).”
View source · bvnk.com ↗
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent BVNK? Claim this profile above to unlock your own full list.
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What BVNK runs on · from its own dossier
The third-party providers BVNK itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose BVNK.
PSP
Worldpaycheckoutglobal payments
Full dossier with evidence for each layer →
Alternatives to BVNK

Other Crypto / Stablecoin providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Zero Hash25 buyers →Circle22 buyers →Bridge16 buyers →Fireblocks12 buyers →Tempo12 buyers →Lightspark9 buyers →MoonPay9 buyers →Paxos9 buyers →
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An embeddable badge for BVNK’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #4 of 57 in Crypto / Stablecoin — Embedded Finance Index 2026
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BVNK — frequently asked

Which companies use BVNK?

13 companies disclose BVNK in their stack in the Embedded Finance Index 2026, including Deriv, Coinflow, Bitso, Deel, Marqeta, Noda, Livitpay, Utoppia, Xapo Bank, Railsr and 2 others.

What does BVNK do?

BVNK is an embedded-finance provider in Crypto / Stablecoin, Crypto Custody and FX / Payouts. It ranks #4 of 57 Crypto / Stablecoin providers by disclosed buyers.

What are the alternatives to BVNK?

The most-disclosed Crypto / Stablecoin alternatives to BVNK are Zero Hash (25 buyers), Circle (22 buyers), Bridge (16 buyers), Fireblocks (12 buyers), Tempo (12 buyers) and Lightspark (9 buyers).

Who founded BVNK?

BVNK was founded by Jesse Hemson-Struthers and Don and is founded in 2021, headquartered in London, UK.

How much funding has BVNK raised?

BVNK has raised $90M in total.

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