Tuesday, August 5, 2025
21.8 C
London
HomeBankingAvanti: Completes $37 Million Series A Financing Ahead of Digital Asset Bank...

Avanti: Completes $37 Million Series A Financing Ahead of Digital Asset Bank Launch

Date:

Nubank Names Ethan Eismann as Chief Design Officer to Deepen Customer Experience

Nubank appoints industry veteran Ethan Eismann as its first...

PayPal to Bring 100 AI and Data Science Jobs to Dublin with New Innovation Centre

PayPal establishes a new AI and fraud‑fighting data science...

SS&C Acquires Global Funds Network Calastone in $1 Billion Deal

SS&C Technologies strengthens its global fund services by acquiring...
  • Avanti Financial Group, Inc. a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system
  • Announced the closing of its Series A financing round, which raised $37 million for the start-up digital asset bank
  • Use of proceeds to fund Avanti’s required regulatory capital needed for launch, as well as to fund engineering build
  • The offering upsized twice due to market demand. Avanti raised a total of $44 million since its inception
  • Series A shareholders include a global mix of institutional investors, cryptocurrency companies, and family offices
  • Avanti extremely well-positioned to competently answer questions that most in the industry have not even thought about yet

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories