Here’s Pave Bank! They’re a Singapore-headquartered fintech that empowers businesses with 24/7 global, secure, and multi-asset banking. 

Their programmable banking system also enables firms to build their own customizations. 

• They’ve just raised over $39M, bringing the company’s total funding to more than $44M.
• They last raised a $5.2M in 2023. 

Investor check. Accel led the round, while Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments also joined in.

‍

🎛️ DIY it

Pave Bank is a fully-regulated commercial bank that offers multi-asset accounts. They can also manage regulated digital assets like stablecoins and bitcoin.  

Where programmable banking comes in. Pave Bank provides more than just standard banking services. 

• They offer businesses a toolkit for more control and customization over their financial operations. 
• How it works. They let their clients upload code to automate and manage their assets and currency. 

Hello, profitability. Pave Bank claims to have achieved profitability in seven of its first nine months of operations by leveraging AI across their operations. 

‍

📃 What’s with the $$$?

The fresh funding will allow Pave Bank to expand their regulatory footprint, boost product development, continue to build institutional-grade infrastructure, and scale its client coverage across global markets.

• They’ll also expand their licensing coverage, deepen their programmable treasury and institutional financial products, and integrate with major financial and digital asset ecosystems.