Overview
- Accel led the $39 million round with participation from Tether Investments, Quona Capital and Wintermute, according to the company and investors.
- The Singapore‑headquartered neobank reports total disclosed funding above $44 million as it invests in product scaling, new licenses and geographic expansion.
- Pave positions its platform as a programmable commercial bank for institutions, unifying fiat accounts and stablecoin rails for real‑time treasury automation.
- Company‑reported metrics include roughly 400 corporate and institutional clients, more than $5 billion in processed transactions, eight‑fold year‑to‑date revenue growth and profitability in seven of the past nine months.
- The bank holds a license in Georgia with a representative office in London, and it is pursuing additional regulatory approvals with targeted expansion into the UAE, Hong Kong and the European Economic Area.