About Baanx
Baanx is a company based in London (United Kingdom) founded in 2014 was acquired by Exodus in November 2025. Baanx has raised $20.74 million across 3 funding rounds from investors including Ledger, Tezos and Exodus. The company has 15 employees as of June 30, 2021. Baanx offers products and services including Non-Custodial Debit Card, Custodial Debit Card, Bridging, Swaps, and Lending. Baanx operates in a competitive market with competitors including Zeta, Tink, BlockFi, Fireblocks and TrueLayer, among others.
- Headquarter London, United Kingdom
- Employees 15 as on 30 Jun, 2021
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Baanx Group Ltd
- Date of Incorporation 17 Jan, 2018
- Jurisdiction CARDIFF
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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.
People of Baanx
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $20.0M
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First Round
First Round
(30 Dec 2019)
- Investors Count 4
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 |
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Private debt fund and fund of funds focused on startups
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Founded Year | Domain | Location | |
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Ledger is recognized for providing secure cryptocurrency hardware wallets.
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Founded Year | Domain | Location | |
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Assets and applications security is provided by a blockchain platform.
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Founded Year | Domain | Location |
Investments & Acquisitions by Baanx
Financial Statements - Baanx
Baanx Comparisons
Competitors of Baanx
Baanx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, BlockFi, Fireblocks and TrueLayer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading and investment solutions are offered to institutions.
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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 current CEO of Baanx.
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 30, 2019.
As of Jun 30, 2021, the latest employee count at Baanx is 15.
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's top competitors include Zeta, Tink and Amber Group.
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.