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21 Dec 2022

21 Dec 2022

Goodbye 2022 - an amazing year for BVNK

Goodbye 2022 - an amazing year for BVNK

Goodbye 2022 - an amazing year for BVNK

For BVNK, 2022 was a year filled with growth, progress, and collaboration. We are thankful to our customers, partners, and team for the tremendous year we’ve had together. Let’s take a look back and celebrate the progress we made.

For BVNK, 2022 was a year filled with growth, progress, and collaboration. We are thankful to our customers, partners, and team for the tremendous year we’ve had together. Let’s take a look back and celebrate the progress we made.

For BVNK, 2022 was a year filled with growth, progress, and collaboration. We are thankful to our customers, partners, and team for the tremendous year we’ve had together. Let’s take a look back and celebrate the progress we made.

Company milestones 

Raising 40M USD in Series A fundraising 

In April, we closed our 40M USD series A round, with world-renowned investors such as Tiger Global joining us. It was one of the biggest series A investments in Europe this year, allowing us to expand into new markets, accelerate the acquisition of new regulatory licences, and push forward with product development. 

Securing registration as a Virtual Asset Services Provider by the Bank of Spain

In October, we announced our VASP registration in Spain, which will deliver further protections for our customers. This registration demonstrates our commitment to putting regulation and compliance at the centre of everything we do.

Acquiring a UK-licensed Electronic Money Institution to accelerate expansion

In November, we announced the acquisition of System Pay Services Ltd, a registered EMI (Electronic Money Institution) in the UK. The business offers a one-stop payment solution for businesses — providing e-money services, e-wallets, and multi-currency accounts for merchants to make, receive, and process payments. With the acquisition BVNK is now able to serve leading global businesses that require partners to be UK regulated and enterprise compliant. 

Winning ‘Most Outstanding Innovator in Payments’ 

2022 ends in award winning style, as BVNK was recognized as the ‘Most Outstanding Innovator in Payments’ at the Finance Magnates London Summit Awards. The awards celebrate the world’s leading brands in crypto and blockchain, fintech, payments and online trading. That’s some competition!

Growing our global team by 375%

In 2022, our team grew from 40 to 190 people. We are a diverse bunch, working across the UK, Europe, Africa and the Middle East. But we still manage to get together. In 2022 we had 10+ staff meetups, with Cape Town, Johannesburg, Accra, Berlin, Monaco, Sofia and London included in our world tour! 

And we love where we work - officially! This year we were awarded a ‘Most Loved Workplace’ certification, and included in the ‘Rocket List’ by Otta.com as one of the top 100 fastest-growing tech companies to build your career with. And not to brag, but our Glassdoor rating is 4.9. Want to see for yourself? Have a look at our open positions.

Building BVNK - never stop improving

In 2022, we made significant improvements to our platform. 

  • Over 360k transactions have been executed by our Crypto Payments API

  • As the engineering team has grown, we’ve increased 50,000 code changes per month to 170,000

  • 85% decrease in time taken to resolve incidents since April

Many of the improvements are guided by the invaluable feedback from our customers and partners. Here are just some of the customer-driven developments we’ve implemented this year:

  • Making FIAT withdrawals

  • Enabling ALGO currency wallets to trade, send and receive funds

  • Getting started quickly using the intuitive guides in our Developer Hub

  • Using our WalletConnect integration to pay via our hosted payments page

To keep up with our product news in 2023, subscribe to our monthly newsletter.

What’s next for BVNK

No stopping us now…

If you thought this year was busy, then don’t blink in 2023. We are bullish on digital payments and believe that 2023 will prove to be a pivotal year for the industry, particularly as more regulatory clarity comes to blockchains. Blockchain expertise will become a service to be leveraged by global businesses that want to explore the benefits of fast payment settlement, low operating costs and enhanced security.

BVNK will continue to lead the way in shaping the future of global payments, fostering the adoption of blockchain technology across a variety of use cases, and delivering tangible value to our customers. 

Wishing everyone a restful end to 2022, and a 2023 full of opportunity.

News, events and updates

News, events and updates

News, events and updates

Our blog is dedicated to bringing you the latest industry news in crypto, banking, treasury management and investments.

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Get in touch with us today to find out how BVNK™ can make running your business simpler.

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Get started

Get in touch with us today to find out how BVNK™ can make running your business simpler.

Start building

Contact Sales

Get started

Get in touch with us today to find out how BVNK™ can make running your business simpler.

Start building

Contact Sales