BVNK, a stablecoin payments company, is currently in talks with investors to secure a minimum of $50 million in a new funding round. This comes as the sector experiences increased interest following Stripe Inc.'s recent acquisition.
The startup, which is backed by Tiger Global Management LLC, is engaging with potential backers to take advantage of the growing excitement surrounding its market niche. Sources familiar with the negotiations, who have requested anonymity due to the private nature of the talks, have indicated that both the funding raise and BVNK's valuation may change as discussions progress.
The outcome of these talks could have a significant impact on the company's future in the evolving financial landscape.