Baanx raises $20 million Series A led by Tezos and Chiron

Correction (Mar. 6, 2024, 20:35 UTC): Contrary to what was reported in an earlier version of our story, Ledger, the crypto hardware wallet manufacturer that offers a Baanx-powered pre-paid crypto debit card, was not an investor in this round. 

U.K. Financial Conduct Authority-authorized crypto payments firm Baanx has raised $20 million in a Series A funding round led by Tezos, Chiron and British Business Bank.

The funding is reportedly being dedicated to introducing services in the United States and Latin America this year. Baanx's total funding is now over $30 million.

Based out of London, the firm signed a three-year partnership with Mastercard in the U.K. and Europe.

Baanx's token, BXX, is up roughly 8% over the past 24 hours.