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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Series A - Baanx | Valuation | Ledger , Tezos |
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| Jun, 2021 | Amount | Token Sale - Baanx | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Baanx | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Baanx
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Baanx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Baanx
Frequently Asked Questions about Baanx
When was Baanx founded?
Baanx was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Baanx located?
Baanx is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Baanx?
Garth Howat is the current CEO of Baanx.
Is Baanx a funded company?
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.
How many employees does Baanx have?
As of Jun 30, 2021, the latest employee count at Baanx is 15.
What does Baanx do?
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.
Who are the top competitors of Baanx?
Baanx's top competitors include Zeta, Tink and Amber Group.
What products or services does Baanx offer?
Baanx offers Non-Custodial Debit Card, Custodial Debit Card, Bridging, Swaps, and Lending.
Who are Baanx's investors?
Baanx has 5 investors. Key investors include Ledger, Tezos, Exodus, British Business Bank, and Chiron Financial.
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