Pave Bank raises $39 million in funding round led by Accel

Pave Bank, a digital-first lender that allows businesses to manage both fiat and digital assets such as cryptocurrencies, stablecoins, and other blockchain-based instruments on a single platform, has raised $39 million (nearly Rs 343 crore) in a funding round led by Accel.

This brings the Georgia-based bank’s total funding to about $45 million.

The round also saw participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology, Yolo Investments, Kazea Capital, and GC&H Investments.

Founded in 2024 by…