British crypto-processing group BCB Group raises $60 million

BCB Group raises $60 million in Series A.

London-based crypto-processing group BCB Group has raised $60 million in a Series A funding round led by Foundation Capital.

BCB Group is delighted to announce today that it has closed a Series A funding round co-led by @FoundationCap.

This is the largest Series A funding round for a company in the blockchain industry in the UK.

Find out more: https://t.co/0rE9Wr2ORJ pic.twitter.com/UzDl8JKuas

— BCB Group (@BCBcrypto) January 25, 2022

Participants include BACKED VC, PayU, Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures, LAUNCHub Ventures, as well as former investors North Island Ventures, Blockchain.com Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital.

According to the statement, the round was the largest for this stage of financing in the UK blockchain industry.

BCB Group provides clients with a full suite of payments processing in crypto and fiat, digital-asset trading, and custody through a unified platform.

In five years of operation the firm has processed payments totaling around $100 billion.

The raised capital at BCB Group is planned to be deployed to geographic expansion and to acquiring stakes in ‘critically important infrastructure partner’ companies.

“Our goal is to connect the global crypto industry to banking. Financing, backed by both venture capital and strategic investors, enables building a larger, better and deeper infrastructure,” said Oliver von Landsberg-Sadie, founder and CEO of BCB Group.

Earlier, in December 2021, BCB Group приобрела Sutor Bank, founded in 1921.

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