Pave Bank Secures $39M Series A to Bridge Crypto and Traditional Banking
Singapore-based Pave Bank has raised $39 million in a Series A round led by Accel and Tether Investments, with participation from Wintermute and others. The digital bank, founded in 2023 by fintech veterans, aims to expand its programmable banking solutions combining fiat and crypto services for institutional clients.
The funding brings Pave Bank's total capital to $45 million as it prepares for international expansion into the UAE, Hong Kong, and European Economic Area. Its API-driven platform enables businesses to automate payments, transfers, and treasury functions through smart contract technology.
The investment signals growing institutional demand for hybrid financial infrastructure. 'This isn't just about banking—it's about building the programmable financial rails for the next economy,' said CEO Simon Vans-Colina in a statement coinciding with the funding announcement.
