Powering instant stablecoin settlements at scale with Coinflow
Coinflow, a rapidly scaling payment service provider using stablecoins to break down borders in global commerce, needed reliable infrastructure to support their explosive growth. As their volumes surged across markets in Europe and the US, they partnered with BVNK to build the foundation for their global expansion.
The challenge: Finding infrastructure that could scale
Founded in 2022 by Daniel Lev and co-founders Jake Montgomery and Ben Meeder, Coinflow empowers merchants to accept traditional payment methods while settling in stablecoins, delivering settlement speeds measured in seconds rather than days.
By early 2025, the company had raised $25 million in Series A funding from Pantera Capital, Coinbase Ventures, and others, and was processing tens of millions monthly across Europe and beyond.
As their business accelerated, Coinflow needed infrastructure that could keep pace with their ambitions.
“We needed to receive settlements from acquiring banks and convert to stablecoins reliably – something that should be straightforward but was proving challenging as we scaled. Any delays in settlement really affected our operations and put stress on the team."
Coinflow needed a partner who could:
- Provide reliable EUR and USD accounts to receive settlements from acquiring banks in Europe and the US.
- Deliver consistently quick settlement times.
- Convert fiat to stablecoins (USDC) instantly across multiple chains.
- Support their rapid scaling without operational headaches.
The solution: Infrastructure built for speed
After being introduced to BVNK, Coinflow was onboarded quickly and immediately saw the difference.
“Our first fiat transfer landed in a few hours – one-sixth of the typical speed we were seeing before. And we were able to instantly mint USDC for a reasonable price."
How Coinflow uses BVNK
Store: EUR and USD accounts receive settlements from acquiring banks across multiple markets.
Convert: Instant conversion from fiat to USDC on multiple blockchains keeps Coinflow's stablecoin operations flowing.
Send: USDC is distributed to liquidity pools that fund Coinflow's instant settlement product for merchants.
The flow:
- Consumer purchases are processed through Coinflow's acquiring banks.
- Settlement funds land in Coinflow's BVNK accounts.
- BVNK instantly converts to USDC across Coinflow's preferred chains.
- Coinflow sends stablecoins to merchants, settling funds instantly for real-time revenue realization.
The results: Reliable infrastructure at scale
Operational excellence
- 6x faster settlement times compared to previous solutions
- Zero major escalations since launch
- Support response times often "under 30 seconds”
Rapid scaling
- Monthly volumes scaled to $20M+ after 3 months live, with continued growth.
Business confidence
- “The ability to have the power of stablecoins right there in the platform is a game changer for us," said Jake. “There's no need to bounce between different vendors. Everything's just an all-in-one solution.”
Why BVNK?
According to Jake, three factors set BVNK apart:
- Reliability at scale: “Our first fiat transfer landed in a few hours. We went from uncertainty to reliable, fast settlement that we could build our business on.”
- Global infrastructure: BVNK's banking partnerships across EUR and USD markets gave Coinflow the multi-currency access they needed to scale globally.
- Best-in-class support: “BVNK has the best support team on the entire planet that I've encountered. It's what I've modeled my own operations after.”
Jake added: “When things do maybe arrive a little bit later or go slightly wrong, the team is very fast to jump on it.”
What’s next
As Coinflow continues its rapid growth – expanding from crypto-native merchants to mainstream businesses exploring stablecoin payments – they're exploring deeper automation with BVNK and testing new capabilities like weekend settlement to further reduce friction.
“The BVNK team has been really flexible in working with us to try to find ways to solve different problems. I'm sure our use cases and partnership will only grow over time.”
*Data provided by Coinflow.
