Baanx is a Business to Business to Consumer (B2B2C) banking platform that is Application Programming Interface (API) driven and digitaly-friendly. It aims to become a contender in the digital asset financial services market that is estimated to rise to $40 trillion by 2030. Baanx argues that it is disrupting the slow and expensive banking sector by leveraging blockchain to launch secure and low-cost banking products and services, with a few lines of code. The company has witnessed £1.4 million in revenue in 2020. It will start shipping its cards to 30+ EU countries in 2021 and roll-out its ‘plug-and-play’ wallet/card/exchange/mobile app on leading open-source blockchain network, Tezos, targeting the latter's 3 million+ global user base. Baanx will use the investment to increase its staff to 40-50 personnel by the end of 2021, expand into Asian, Middle Eastern, and North American markets with regulatory approvals, and invest in digital asset-backed lending and investing.
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£124,386,667
pre-money valuation
7.10%
equity available
825
investors
£12,109
pledge per investor
11155938
company number
Active
company status
17/01/2018
incorporated 6 years
News
Crypto Payments Specialist Baanx Raises $20M Funding Round - CoinDesk
05/03/2024 CoinDesk
Payments innovator Baanx secures $20m in Series A investment - FinTech Global
11/03/2024 FinTech Global
Baanx Raises $20 Million to Bring Crypto Payments Offering to US - PYMNTS.com
05/03/2024 PYMNTS.com
Baanx Raises $20M Series A - Financial IT
08/03/2024 Financial IT
Baanx Raises $20M Series A From Notable Entities including Ledger, and the Tezos Foundation - AlexaBlockchain
05/03/2024 AlexaBlockchain
1inch Network Partners with Mastercard and Baanx to Launch Web3 Debit Card - Blockster
08/04/2024 Blockster
1inch unveils crypto debit card in partnership with Mastercard and Baanx - Cointelegraph
08/04/2024 Cointelegraph
1inch Launches a Crypto-Fiat Debit Card With Mastercard, Baanx - Yahoo Finance
09/04/2024 Yahoo Finance
1inch Network partners with Baanx, Mastercard to launch web3 debit card - crypto.news
08/04/2024 crypto.news
1inch Introduces Debit Card in Partnership with Mastercard and Baanx - CoinTrust
09/04/2024 CoinTrust
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