Visa Ventures Backs Stablecoin Startup BVNK

BVNK, the global stablecoin infrastructure platform, announced today an investment from Visa (NYSE: V), a global leader in digital payments. The investment follows BVNK’s $50m Series B fundraise in December 2024, which was led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir and Tiger Global.

“We’re proud to support BVNK as they help accelerate global adoption of stablecoin payments,” said Rubail Birwadker, Head of Growth Products and Partnerships, Visa.  “Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.” 

Stablecoin adoption is exploding. There was $27 trillion in total stablecoin transaction volume globally across 1.25 billion transactions in 2024 (Source: Visa Onchain Analytics, 2025). BVNK processes over $12 billion annually for companies like Ferrari and Rapyd, helping them send, receive, convert, and store stablecoins and fiat effortlessly.

“We’re experiencing a once in a generation shift to a new foundational payment technology, powered by stablecoins,” said Jesse Hemson Struthers, Co-Founder & CEO of BVNK. “At BVNK, we’re building the infrastructure to make these new rails accessible to businesses, empowering them to operate at the speed of today’s economy. We’re thrilled to welcome Visa – the original payments innovator – as an investor, and a partner in our mission to upgrade the global payment system.”

In 2025, BVNK announced its expansion to the US, opening offices in San Francisco and New York. BVNK’s US team is led by former BlockFi executive Amit Cheela and former Cross River executive Keith Vander Leest.