Thomas Daniels
Visa Inc. has made a strategic investment in BVNK, a London-based fintech company specializing in stablecoin payment infrastructure, through its corporate venture arm, Visa Ventures. This move underscores Visa’s continued push into the digital assets space, aligning with its broader efforts to modernize payment systems.
BVNK, co-founded by Jesse Hemson-Struthers, Donald Jackson, and Chris Harmse, provides a platform that enables businesses to seamlessly manage stablecoin and fiat currency transactions through a unified API. The company reportedly processes over $12 billion annually in stablecoin transactions, serving notable clients such as Ferrari and Rapyd.
The investment, estimated at €2 million (approximately $2.27 million) and completed in March 2025, follows BVNK’s $50 million Series B funding round concluded in December 2024. That round was led by Haun Ventures and included participation from Coinbase Ventures, Scribble Ventures, DRW VC, Avenir, and Tiger Global.
As part of its growth strategy, BVNK has expanded into the United States with offices in San Francisco and New York. The company has secured money transmitter licenses in 18 U.S. states, enabling it to broaden its service offerings and compliance capabilities in the North American market.
Rubail Birwadker, Head of Growth Products and Partnerships at Visa, emphasized the growing relevance of stablecoins in global payment ecosystems, stating that stablecoins are increasingly becoming part of global payment flows. He added that Visa’s investment in BVNK reflects its commitment to supporting emerging technologies and innovators poised to shape the future of commerce.
The stablecoin market has seen substantial growth, with transaction volumes reaching $27 trillion across 1.25 billion transactions in 2024 alone. BVNK’s infrastructure is designed to capture this momentum by offering robust, blockchain-based financial solutions tailored for modern businesses.
This latest investment complements Visa’s existing crypto initiatives, which include the launch of the Visa Tokenized Asset Platform and real-time crypto-to-fiat transactions via partnerships with platforms like Coinbase. The financial giant continues to signal its intent to be a key player in the evolving digital currency ecosystem.
