Pave Bank Secures $39M Series A to Scale Crypto-Fiat Programmable Banking
Pave Bank, founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani and Dmitry Bocharov, has raised $39 million in a Series A funding round led by Accel and Tether Investments, bringing its total capital to $45 million. The Singapore-based digital bank offers programmable banking solutions that integrate crypto and fiat services via APIs and smart contracts. Institutional clients can automate payments, transfers and treasury management on the platform. Operating under a Georgian banking license, with headquarters in Singapore and an office in London, Pave Bank plans to expand into the UAE, Hong Kong and the European Economic Area. This Series A funding underscores growing institutional demand for programmable banking and highlights sustained investor confidence in blockchain banking infrastructure.
Bullish
This news is bullish for the crypto and programmable banking sector. The successful $39M Series A round, backed by leading investors, demonstrates strong institutional demand and confidence in blockchain-based banking solutions. In the short term, market sentiment around programmable finance platforms and related tokens should improve as traders anticipate greater adoption. Over the long term, Pave Bank’s geographic expansion and robust capital base will likely drive increased transactional volume and infrastructure growth, underpinning sustained bullish momentum in the crypto-banking niche.