The global financial landscape is rapidly evolving, and Pave Bank is leading that transformation. The fully licensed commercial bank, built to unify traditional finance with regulated digital assets, has raised $39 million in fresh funding led by Accel, with participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments.
This latest round brings Pave Bank’s total funding to $44 million, setting the stage for an ambitious expansion of its regulatory footprint, institutional-grade infrastructure, and global market presence.
Key Highlights:
- $39 million Series A funding led by Accel, total funding now $44 million
- First fully licensed programmable bank built for the digital and AI era
- Combines traditional banking, digital assets, and instant settlements under one roof
- Achieved profitability in seven of first nine months
- Backed by Tether Investments, Quona Capital, Wintermute, and others
- Focused on AI automation, regulatory compliance, and programmable finance
- Aims to become the world’s leading institutional bank for the AI-native economy
Pave Bank: The Future of Regulated On-Chain Finance
Founded on the belief that the future of money is programmable, Pave Bank is building the bridge between legacy banking and digital finance. Its platform integrates traditional commercial banking services, including deposits, payments, FX liquidity, card issuance, and treasury management, with digital asset custody, instant settlement, and an OTC trading desk.
This means clients no longer need to juggle multiple providers for fiat banking, liquidity, and custody. Instead, they can operate across both traditional and digital systems within one regulatory framework, one compliance standard, and one intelligent interface.
“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 CEO of Pave Bank. “We’ve built a multi-asset bank that merges the stability and prudential oversight of traditional finance with the automation and intelligence of digital assets.”
AI-Driven Banking Meets Real-World Profitability
Unlike many digital banks that prioritize rapid expansion, Pave Bank has focused on sustainable growth and operational efficiency. The company achieved profitability in seven of its first nine months, a rare milestone for a newly licensed financial institution.
Using AI and automation across compliance, treasury, and engineering, Pave Bank maintains a lean team of just over 50 employees while scaling efficiently. Its technology-driven model ensures speed, transparency, and regulatory precision in every transaction.
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Businesses using Pave Bank can manage both fiat and digital assets in real time, automate treasury operations, and execute settlements instantly through the Pave Network. This structure reduces reliance on intermediaries, improves liquidity, and enables corporations to adopt stablecoins with full regulatory clarity.
Investor Confidence and Industry Validation
“As digital assets become an integral part of global finance, there is a growing need for a well-regulated, full-reserve banking model at the intersection of fiat and digital assets,” said Rachit Parekh, Partner at Accel. “Pave Bank is at the forefront of this fundamental shift, and we’re excited to back their mission.”
Ganesh Rengaswamy of Quona Capital added, “Pave’s programmable, full-reserve model combines the best of traditional banking and digital assets, creating a path for stablecoin adoption and financial inclusion across markets.”
This confidence reflects an industry-wide recognition that the next phase of financial infrastructure depends on integrating programmable money, blockchain transparency, and regulatory oversight—an area where Pave Bank has been building from day one.
A Vision for the Next Decade of Finance
Pave Bank plans to expand its licensing coverage, deepen its programmable treasury capabilities, and integrate with major financial and digital ecosystems. Its long-term goal is to become the global corporate and institutional bank for the AI-native economy, where traditional and digital assets coexist under one secure, compliant framework.
As tokenisation, AI, and programmable finance reshape the world’s financial architecture, Pave Bank stands at the crossroads of innovation and regulation—bridging the gap between old money and the intelligent, on-chain economy of tomorrow.
