Cryptocurrency banking startup BVNK becomes a UK EMI licensed operator by acquiring SPS LTD

ChainCatcher news, the crypto bank startup BVNK officially announced that it has become a UK Electronic Money Institution (EMI) licensed operator by acquiring the UK-regulated financial institution SPS LTD, with the specific acquisition amount not disclosed.

Previously reported, the crypto startup BVNK announced in May that it completed a $40 million Series A funding round at a post-money valuation of $340 million, led by Tiger Global, with participation from investors such as The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric, and Base Capital. (source link)