$60M Raised by BCB Group

A $60 million Series A funding round was successfully closed by the BCB group. BCB Group is a crypto-dedicated service provider. 

The funding round was co-led by Foundation capital in partnership with PayU, BACKED VC, Nexo, Menai Financial Group, Cowa, LAUNCHub Ventures, Digital Currency Group, Wintermute, Profluent Ventures, Tokentus Investment, and Circle. The new financing acquired by the BCB group will be utilized to accelerate the offering of payments and banking services. 

Back in March 2021, BCB group has raised $4.5 million in strategic funding to snag more regulatory licenses. 

In December, the BCB group acquired fintech-focused Sutor Bank, which provided it control of a German bank to help it makes it ground in the European Union.   

Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.

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