Digital Banking Innovator Pave Bank Secures $39M to Bridge Traditional and Crypto Finance
Pave Bank, a licensed neobank operating across fiat and digital assets, has secured $39 million in Series A funding led by Accel. The bank reportedly serves 400 institutional clients and has processed over $5 billion in transactions since its 2023 launch, according to company statements.
Neobank Expansion in Digital Asset Banking
Singapore-headquartered Pave Bank has reportedly secured $39 million in Series A financing, according to sources familiar with the matter, signaling continued investor confidence in banking platforms that bridge traditional and digital assets. The funding round was led by venture firm Accel with participation from Tether Investments, Quona Capital, and Wintermute, according to the company’s announcement.