Rebecca Cruz Singapore-based Pave Bank has raised $39 million in Series A funding led by Accel and Tether to expand its programmable banking platform and bridge traditional and digital finance for institutions.
Pave Bank raises $39 million to advance programmable banking for global institutions
Pave Bank, the Singapore fintech making waves in financial technology, has secured $39 million in a Series A round led by Accel and Tether Investments. The funding marks a major milestone for the rapidly growing startup as it strengthens its programmable banking ecosystem designed for institutional and corporate clients worldwide.
The latest capital injection brings Pave Bank’s total funding to approximately $45 million, underscoring rising investor confidence in programmable banking and its potential to reshape how institutions manage both digital and fiat assets. Other investors in the round included Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments.
The rise of programmable banking in institutional finance
Pave Bank was founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, each of whom brings deep experience from the worlds of digital banking and blockchain innovation. Their mission is straightforward yet transformative: to merge traditional financial infrastructure with the next generation of programmable banking services.
Programmable banking enables businesses to automate complex financial operations such as cross-border payments, liquidity transfers, and treasury workflows using smart contracts and APIs. This integration allows for faster, more transparent, and more efficient movement of funds while maintaining compliance with banking regulations.
Unlike typical fintech firms, Pave Bank operates as a fully licensed institution, holding a Georgian banking license with operations based in Singapore and an office in London. With the new capital, the company plans to expand into the United Arab Emirates, Hong Kong, and across the European Economic Area to meet growing institutional demand for programmable banking services.
How Pave Bank blends crypto and traditional finance
At its core, Pave Bank offers an infrastructure that unites traditional banking with digital asset management, providing institutional clients with the ability to hold, transfer, and automate both fiat and crypto transactions. Its programmable banking model makes it possible for firms to customize and execute financial operations directly through code, reducing dependency on manual intermediaries.
The company’s approach resonates with a broader trend of traditional finance embracing blockchain technology. As global institutions seek to integrate programmable banking into treasury and settlement systems, Pave Bank stands out for its hybrid model that seamlessly connects conventional finance with blockchain-based automation.
Salim Dhanani, the co-founder and CEO, has emphasized that programmable banking is not simply about automation but about reimagining how financial infrastructure operates in a digital-first economy. He believes programmable systems will become essential to corporate banking as businesses increasingly seek speed, flexibility, and transparency.
Growing institutional interest in programmable banking solutions
The timing of Pave Bank’s fundraising aligns with a notable uptick in global investment in blockchain-based financial infrastructure. In recent months, major institutions have poured capital into similar ventures, signaling growing confidence in programmable finance as a critical driver of the next financial era.
Fnality, a blockchain payments company, raised $136 million in a Series C round backed by major players such as Bank of America, Citi, Temasek, and WisdomTree. Meanwhile, stablecoin infrastructure provider BVNK recently secured funding from Citi Ventures, valuing the company at over $750 million. These moves highlight how traditional finance is increasingly converging with programmable banking and blockchain solutions.
Industry experts note that programmable banking offers clear advantages for large enterprises, from real-time settlement and enhanced liquidity management to streamlined compliance and audit transparency. For Pave Bank, this growing awareness represents an ideal environment to scale its offerings globally.
Pave Bank’s roadmap for the programmable banking future
With new funding in hand, Pave Bank plans to accelerate product development and strengthen its regulatory footprint in key financial hubs. The company’s next phase involves expanding its programmable banking platform to support a wider range of digital assets and enterprise-grade APIs, providing clients with greater flexibility in managing complex financial workflows.
As regulatory clarity improves across major markets, programmable banking is poised to become a foundational pillar for institutional finance. Pave Bank aims to be at the forefront of that transformation, helping bridge the gap between traditional systems and programmable digital frameworks.
By combining cutting-edge technology with institutional-grade compliance, Pave Bank is positioning itself as a pivotal player in programmable banking, setting the stage for a future where automation and trust coexist seamlessly in global finance.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
