Pave Bank, a programmable commercial bank based in Singapore, announced that it has raised over $39 million in a funding round led by Accel. Other investors joining the round include Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments.
This brings Pave Bank’s total funding to more than $44 million. The money will help the bank expand its regulatory reach, speed up product development, build strong infrastructure, and serve more clients around the world.
In the future, Pave Bank plans to grow its licenses, enhance programmable treasury and institutional financial products, and connect with major economic and digital asset platforms.
The company’s long-term goal is to become a trusted global bank for businesses and institutions, where traditional finance and digital finance work together seamlessly.
“The global financial system is moving towards regulated on-chain finance, and institutions need a trusted bridge between the old and the new,” said Salim Dhanani, Co-Founder and Chief Executive Officer of Pave Bank.
“We have built a mulit-asset bank that merges the stability and prudential oversight of traditional finance with the automation, speed, and intelligence of digital assets,
“This is about redefining how money moves safely, transparently, and automatically across the world’s financial systems,” he added.
Since its launch, Pave Bank has focused on creating a sustainable, technology-driven business instead of just chasing rapid growth.
The bank became profitable in 7 of its first 9 months by using automation and AI across software development, compliance, operations, and treasury.
Pave Bank plans to keep growing carefully while staying profitable and maintaining a strong focus on risk management and compliance.
“The companies we serve are large, sophisticated corporations and institutions operating across markets,
“They expect their bank to be as fast and adaptive as the technology companies they partner with, but with the security, compliance, and oversight of a regulated financial institution. That’s the gap we’re closing,” Salim Dhanani added.
Pave Bank said this funding shows that institutions are looking for a new type of bank — one that can handle regulated digital assets like stablecoins and bitcoin, while also offering everything a regular commercial bank provides, including instant payments and programmable financial flows.
The bank has been operating within digital asset regulations from the very beginning.
As these regulations develop and become more consistent, Pave Bank is working closely with regulators to remain compliant and ensure its services can operate across different countries.
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