Meet Pave Bank. This Singapore-headquartered fintech lets global businesses customize and automate payments, conversions, and other banking services. Now, they just launched and raised a $5.2M seed!

• They also acquired a digital banking license from Georgia and are working on receiving more licenses. 

Investor check. 468 Capital led the round, while Quona Capital, FT Partners, BR Capital, W3.fund, Daedalus, and angel investors joined in!

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🛣️ The ABCs of Pave Bank

Pave Bank offers multi-currency operating accounts, global payment connectivity, and treasury management solutions. And beyond traditional solutions, they also have digital asset-enabled products. 

They also let businesses transact in stablecoins, Central Bank Digital Currencies, and tokenized Real World Assets.

• They operate as a full reserve bank, which means they don’t lend or invest deposits.

What’s Programmable Banking? Pave Bank allows clients to upload code to customize, automate, and manage their traditional and digital assets and currency. 

• You can set up instructions when making payments and control where and when your card can be used, among other use cases.  

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💐 What the future holds?

They’re planning to onboard customers in the first quarter of next year, the company told Forbes.

• Oh, and they’re also going to build their regulatory infrastructure in other markets.