BCB Group is a London-based digital asset technology provider that offers business accounts, cryptocurrency services, foreign-exchange market liquidity, and custody to many of the world’s largest crypto-engaged financial institutions. The company operates a platform aimed at payments and market infrastructure for institutional clients. It plans to use new capital to expand payments and market infrastructure across more regions and to acquire strategic stakes in critical infrastructure partners. Financially, BCB Group has closed a $60 million Series A, the largest Series A in the UK blockchain industry, and previously completed a strategic funding round in March 2021. The company positions itself as a connector for the global crypto industry, servicing large crypto-engaged financial institutions and building deeper infrastructure for market growth. BCB Group is a U.K.-based business banking challenger for the crypto industry that provides payments, trading and treasury services. The firm launched a treasury services offering aimed at crypto-curious chief financial officers last month. Management says BCB is profitable and has seen about 19-times volume growth over the past 12 months, processing over $4 billion in payments and trades in February 2021. The recent capital raise is intended to fund the pursuit of additional regulatory licenses and support international expansion. BCB plans to seek more licenses in the U.K., EU and Switzerland — including the Swiss Fintech license, which ties into the Swiss National Bank — and to push into Switzerland and Singapore. The company raised $4.5M in the latest round and expects to raise a larger $10M–$15M round later this year.

Total raised

$65M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2022