About Baanx
Baanx is a Financial Services company based in London (United Kingdom) founded in 2014, and was acquired by Exodus in November 2025. API-based banking solutions are provided for digital services to businesses. Baanx has raised $20.74 million across 3 funding rounds from investors including Ledger, Tezos and Exodus. The company has 15 employees. Its chief executive, as recorded, is Garth Howat. Baanx offers products and services including Non-Custodial Debit Card, Custodial Debit Card, Bridging, Swaps, and Lending. Its focus areas include FinTech, Cryptocurrencies, Diversified and Blockchain Technology. Its legal entity is BAANX GROUP LTD. Its competitors include TrueLayer, Banked and Weavr; 3 of its 3 listed competitors have raised funding.
Company details
Baanx was founded in 2014 in London, United Kingdom, within the fintech sector. API-based banking solutions are delivered to enable businesses in offering digital banking to customers. Virtual IBAN accounts, personalized branded payment cards, white-labelled mobile applications, and payment gateways are included among the services. Operations focus on integrating these tools for seamless end-user experiences across Europe.
Products & Services of Baanx
Baanx offers a comprehensive portfolio of products and services, including Non-Custodial Debit Card, Custodial Debit Card, Bridging, Swaps, and Lending.
Allows spending directly from self-custody wallets securely.
Enables compliant crypto-fiat transactions for users.
Facilitates multi-chain asset transfers efficiently.
Offers seamless conversion of digital assets.
Allows borrowing against digital assets securely.
Funding Insights of Baanx
Baanx has successfully raised a total of $20.74M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20.74M
- Total Rounds 3
- Last Round Series A — $20M
- First Round $742,633
(Dec 2019)
- Investors Count 4
All 3 funding rounds of Baanx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
5 investors in total: 5 institutional.
Investors in Baanx
Baanx has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Ledger, Tezos and Exodus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund and fund of funds focused on startups | 2014 | british-business-bank.co.uk | Sheffield, United Kingdom | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | ledger.com | Paris, France | |
Assets and applications security is provided by a blockchain platform. | 2014 | tezos.com | Zug, Switzerland | |
Chiron Financial is engaged in investment banking and capital raising. | chironfinance.com | Houston, United States | ||
Colocation, managed hosting, enterprise cloud, and IT solutions are provided. | 2015 | exodus.com | Omaha, United States |
Investor details for Baanx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Baanx
23 people are tracked at Baanx (10 in leadership, 13 in team); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
Garth Howat | CEO | Leadership |
Douglas Donaldson | Head Of Data | Leadership |
Mark Evans | COO & CFO | Leadership |
Jim Yang | CTO | Leadership |
Aidan Connolly | Head Of Finance | Leadership |
José Paulo Miler | Deputy To The CEO DPO | Leadership |
Daniel Jones | Chief Operating Officer | Leadership |
Kieron Cartledge (LION) | Chief Of Sales & Delivery | Leadership |
Dave Elliott | Head Of Development | Leadership |
Roy Nakakawa | Head Of Delivery | Leadership |
Chris Vasiliadis | Compliance Officer | Team |
Milan Palangetic | Software Engineer | Team |
Jimmy Uy | Community | Team |
Zoë Robinson | Customer Operations Manager | Team |
Aleksandr Shevchuk | Product Manager | Team |
Yamen Daher | Full Stack Engineer | Team |
John Sayegh | Full Stack Engineer | Team |
Carlos Leon | Customer Operations Acting Manager | Team |
Ahmed al-Ahmed | Software Full-stack Engineer | Team |
Haris Gourlomatis | Customer Operations Assistant | Team |
3 more people are available in the full profile.
Complete people profiles for Baanx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Baanx
4 dated milestones of Baanx across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Baanx is founded.
- Funding First funding round of $743K.
- Funding Latest funding round, Series A, of $20.0M.
- Exit Acquired by Exodus.
Competitors of Baanx
Baanx has 3 listed competitors in our database, 3 of them funded. They include TrueLayer, Banked and Weavr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truelayer.com | 2016 | London, United Kingdom | $348.8M | Provider of open banking API solutions for payment institutions | ||
| banked.com | 2018 | London, United Kingdom | $39.85M | 25 | Open banking APIs for payments and data access are provided. | |
| weavr.io | 2018 | London, United Kingdom | $50.36M | 75 | SaaS-based financial software is provided for digital businesses. |
Detailed competitors of Baanx
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Baanx
The website of Baanx (baanx.com) receives about 8.1K visits a month.
- Monthly visits8.1K
▼ 4.3% vs previous month
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Baanx (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Baanx
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Frequently Asked Questions about Baanx
Baanx was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Baanx is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Garth Howat is the CEO of Baanx, as recorded in our data.
Baanx is a funded company, having raised a total of $20.74M across 3 funding rounds to date. The company's 1st funding round was a Seed of $742.63K, raised on Dec 2019.
Baanx has 15 employees.
Baanx was founded in 2014 in London, United Kingdom, within the fintech sector. API-based banking solutions are delivered to enable businesses in offering digital banking to customers. Virtual IBAN accounts, personalized branded payment cards, white-labelled mobile applications, and payment gateways are included among the services. Operations focus on integrating these tools for seamless end-user experiences across Europe.
Baanx offers Non-Custodial Debit Card, Custodial Debit Card, Bridging, Swaps, and Lending.
Baanx has 5 investors. Key investors include Ledger, Tezos, Exodus, British Business Bank, and Chiron Financial.
Baanx operates through Baanx Group Ltd.
Yes. Baanx was acquired by Exodus in November 2025.