October 24, 2025

Meet Pave Bank, the new kid on the finance block, mixing traditional money and crypto magic all in one place! This digital-first lender, born in 2024 and run by ex-BigPay stars Simon Vans Colina, Salim Dhanani, and Dmitry Bocharov, just raised a whopping $39 million (nearly Rs 343 crore) from a star-studded crowd led by Accel. With total funds now close to $45 million, Pave Bank is ready to shake up how businesses handle money. So, what’s Pave Bank’s secret sauce? They let companies manage traditional fiat cash, cryptocurrencies, stablecoins, and other blockchain goodies—all on one slick platform. Need to deposit money, pay bills, or handle foreign exchange? Done! Want to automate your treasury work? Easy peasy! It’s fast, smart, and cuts out the middlemen. CEO Salim Dhanani said, "The global financial system is moving towards regulated on-chain finance, and institutions need a trusted bridge between the old and the new. We have built a multi-asset bank that merges the stability and prudential oversight of traditional finance with the automation, speed, and intelligence of digital assets.” Sounds like the future, right? Currently holding a banking license from the National Bank of Georgia and operating from Atlanta, Pave Bank also keeps a pulse on London. But wait, there’s more—they’re gearing up to spread their wings with new offices in the UAE, Hong Kong, and Europe. Their Singapore-based holding company is steering the ship globally. Backing this exciting ride besides Accel are big names like Tether Investments, Quona Capital, Wintermute, and more. Accel’s partner, Rachit Parekh, puts it simply, "As digital assets become an integral part of the global financial ecosystem, there is a strong need for a well-regulated, full reserve approach to banking at the intersection of fiat and digital assets." Accel, famous for early bets on Flipkart and Swiggy, recently raised a massive $650 million India-focused fund, showing they believe in Pave Bank’s vision big time. With this fresh cash infusion, Pave Bank ensures a faster, smarter, and broader future for businesses handling all forms of money. Are you ready to step into the future where fiat meets crypto effortlessly? Pave Bank is paving the way!

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Tags: Pave bank, Digital assets, Cryptocurrency, Funding, Accel, Blockchain,