BVKN Expands APAC Presence; Hires New Regional Boss

BVKN Expands APAC Presence; Hires New Regional Boss

Time Stamp: June 20, 2023 9:57 AM
BVKN Expands APAC Presence; Hires New Regional Boss PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Global payments firm BVNK outlined its plans to expand
its operations in the Asia-Pacific (APAC) region today (Tuesday). The company has appointed
Anthony Man as the new General Manager for the region and established a
founding team in Singapore, BVNK said in a statement.

BVNK applied for Major
Payment Institution (MPI) license in May as an initial step to setting up
operations in APAC. It is part of a wider plan to obtain licenses across
15 markets within a year. Besides that, Chris
Harmse, the firm’s Co-founder, has temporarily relocated to Singapore to manage
the expansion plans. Anthony Man will be the new BVNK’s Managing
Director for the region. He previously served as the VP of Sales and New Business at
CurrencyCloud.

Jesse Hemson-Struthers,
currently serving as the Chief Executive Officer at BVNK, expressed his optimism about the expansion plans,
particularly the potential of Singapore. Hemson-Struthers is positive about the
regulations in the country and has termed the appointment of Man as invaluable.

“Singapore’s
strategic location, vibrant fintech ecosystem, and forward-thinking regulatory
environment make it the perfect base for our expansion,” Hemson-Struthers
claimed. “We are confident that our presence in Singapore will enable us
to deliver tailored payment solutions to our customers in the APAC region while
contributing to the growth and development of the local fintech landscape.”

UK and Spain

Based in London, BVNK
obtained an Electronic Money Institution (EMI)
license in the UK in
2022 by acquiring System Pay Services (SPS). The acquisition enabled the
fintech company to offer e-money, e-wallets, and multi-currency accounts for
businesses with the approval of the Financial Conduct Authority (FCA).

BVNK enables its users
to send, receive, and convert currencies across more than 60 countries
globally. The company also incorporates blockchain technology, allowing
merchants to incorporate stablecoins in payment settlements. It has a
presence in the UK, Europe, Asia, the Middle East, and Africa.

Moreover, Finance Magnates reported that BVNK obtained a virtual asset service provider (VASP)
license in Spain in 2022 to expand in Europe. The licensing followed the crypto-to-fiat platform’s $40 million series funding round led by Tiger Global. BVNK also counts Base Capital Partners, Raba, and Kingsway, as some of its other investors.

Global payments firm BVNK outlined its plans to expand
its operations in the Asia-Pacific (APAC) region today (Tuesday). The company has appointed
Anthony Man as the new General Manager for the region and established a
founding team in Singapore, BVNK said in a statement.

BVNK applied for Major
Payment Institution (MPI) license in May as an initial step to setting up
operations in APAC. It is part of a wider plan to obtain licenses across
15 markets within a year. Besides that, Chris
Harmse, the firm’s Co-founder, has temporarily relocated to Singapore to manage
the expansion plans. Anthony Man will be the new BVNK’s Managing
Director for the region. He previously served as the VP of Sales and New Business at
CurrencyCloud.

Jesse Hemson-Struthers,
currently serving as the Chief Executive Officer at BVNK, expressed his optimism about the expansion plans,
particularly the potential of Singapore. Hemson-Struthers is positive about the
regulations in the country and has termed the appointment of Man as invaluable.

“Singapore’s
strategic location, vibrant fintech ecosystem, and forward-thinking regulatory
environment make it the perfect base for our expansion,” Hemson-Struthers
claimed. “We are confident that our presence in Singapore will enable us
to deliver tailored payment solutions to our customers in the APAC region while
contributing to the growth and development of the local fintech landscape.”

UK and Spain

Based in London, BVNK
obtained an Electronic Money Institution (EMI)
license in the UK in
2022 by acquiring System Pay Services (SPS). The acquisition enabled the
fintech company to offer e-money, e-wallets, and multi-currency accounts for
businesses with the approval of the Financial Conduct Authority (FCA).

BVNK enables its users
to send, receive, and convert currencies across more than 60 countries
globally. The company also incorporates blockchain technology, allowing
merchants to incorporate stablecoins in payment settlements. It has a
presence in the UK, Europe, Asia, the Middle East, and Africa.

Moreover, Finance Magnates reported that BVNK obtained a virtual asset service provider (VASP)
license in Spain in 2022 to expand in Europe. The licensing followed the crypto-to-fiat platform’s $40 million series funding round led by Tiger Global. BVNK also counts Base Capital Partners, Raba, and Kingsway, as some of its other investors.

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