Puerto Rico based challenger bank raised $8m in Series A funding led by BnkToTheFuture, Decentralized Ventures, NFG Fund, CCIX Global, Zenrain Technology, and Satvat.
"We are focused on expanding our core suite of vertically integrated banking services to meet the demonstrated needs of institutional clients who are not catered to by the traditional banking sector,” said Miles Paschini, FV Bank’s CEO. “The demand for banking services in the FinTech and digital asset industries currently far outweighs the supply. With this new round of funding we are in an excellent position to continue innovating and expanding our offerings to our growing client base."