Baanx raises $20 million Series A led by Ledger and Tezos

U.K. Financial Conduct Authority-authorized crypto payments firm Baanx has raised $20 million in a Series A funding round led by Ledger, Tezos, Chiron and British Business Bank.

Ledger is a crypto hardware wallet manufacturer that offers a Baanx-powered pre-paid crypto debit card.

The funding is reportedly being dedicated to introducing services in the United States and Latin America this year. Baanx's total funding is now over $30 million.

Based out of London, the firm signed a three-year partnership with Mastercard in the U.K. and Europe.

Baanx's token, BXX, is up roughly 8% over the past 24 hours.