TechFlow news — On September 5, according to CoinDesk, citing multiple sources familiar with the matter, BCB Group, a crypto banking services provider, has received an acquisition interest from an investor while exploring a Series B funding round. As a payment processor bridging crypto firms and traditional banking systems, BCB Group previously raised $60 million in a Series A round in January 2022, co-led by Foundation Capital and BACKED VC, with participation from prominent investors including PayU, Digital Currency Group, and Nexo.
In April this year, the company obtained authorization from France’s Financial Markets Authority (AMF) and the Prudential Supervision and Resolution Authority (ACPR) to operate as an Electronic Money Institution (EMI) and Digital Asset Service Provider (DASP), establishing France as its European regulatory hub. Currently, BCB Group is neither officially up for sale nor engaged in any negotiations. The company has recently undergone management changes: former CEO Oliver von Landsberg-Sadie departed in November last year and was succeeded by Oliver Tonkin. This leadership transition followed the exit of Deputy CEO Noah Sharp five months earlier, after the failed acquisition of Germany’s Sutor Bank.
