Anthony Man Joins BVNK as APAC General Manager
London-based crypto payments company BVNK has appointed its first general manager for the Asia-Pacific (APAC) region, recognizing the region as a growth market. The startup, which launched in 2021, has appointed former Currencycloud executive Anthony Man to head its Singapore-based division.
Strategic Location in Singapore
BVNK CEO Jesse Hemson-Struthers praised Singapore’s “strategic location,” “vibrant fintech ecosystem,” and “forward-thinking regulatory environment” as crucial factors for establishing the company there. This appointment follows BVNK’s submission of its Major Payment Institution (MPI) license application for the APAC region in May.
Expansion Plans in the APAC Region
To enhance its presence in the region, co-founder Chris Harmse temporarily relocated to Singapore earlier this year, with plans to increase the team further. The company aims to be the “Stripe of crypto,” according to co-founder and chief product officer George Davis.
A Modern Money Movement Platform
BVNK, backed by Tiger Global, seeks to serve financial services firms seeking to provide digital asset services to their clients. The company combines traditional payments infrastructure with distributed ledger technology (DLT) to create modern rails for moving money, enabling customers to send, receive, and convert traditional and digital currencies across countries.
On Track for Licensing Expansion
With an existing Electronic Money Institution license in the UK, BVNK is on course to secure licenses in 15 markets within the next 12 months. Hemson-Struthers expressed excitement about the opportunities the APAC fintech market presents for BVNK, confident that their presence in Singapore will enable tailored payment solutions for their customers while contributing to local fintech growth and development.
