Supporting 25% of the world’s crypto wallets by value.
Since 2018, Baanx has bridged traditional banking and DeFi, offering modular banking-as-a-service solutions. Its B2C platform provides hybrid FIAT/crypto wallets and global acceptance at 37 million stores, supporting 25% of the world’s crypto wallets by value with $15.3 million raised over three funding rounds.
To scale its innovative crypto offerings, Baanx required a partner for launching crypto-linked debit cards, enabling FIAT-crypto interoperability, and ensuring secure, compliant services. Speed-to-market and handling high global transaction volumes were also critical needs.
Monavate enabled Baanx to scale rapidly by providing BIN and program setup, Mastercard scheme sponsorship, crypto-to-FIAT enablement, IBAN issuance, and cloud-based processing. With advanced security through Featurespace.
50-200 employees
Financial Services
United Kingdom
3 min
Monavate supported Baanx in launching their crypto-linked debit card program, providing BIN and program setup along with Mastercard scheme sponsorship through its principal membership. These solutions enabled Baanx to offer seamless transactions in both physical and virtual environments, accepted by 37 million retailers globally.
Monavate also facilitated IBAN issuance, allowing Baanx to integrate traditional banking features like remittance and account services into its offerings. By leveraging MonavateOne, a full-service program management platform, Baanx was able to streamline operations and scale efficiently.
Monavate provided cutting-edge crypto-to-FIAT enablement, allowing Baanx customers to move effortlessly between blockchain-based assets and traditional currencies. This functionality was pivotal in bridging the gap between DeFi and traditional commerce, making crypto more accessible for everyday use.
Additionally, Monavate’s cloud-based processing ensured high-performance and secure transaction management, delivering the reliability necessary for scaling Baanx’s hybrid wallet services globally.
Security is critical in crypto and blockchain services, and Monavate’s partnership with Featurespace brought award-winning security measures to Baanx’s operations. Advanced fraud prevention and risk management tools safeguarded customer assets, reinforcing trust in Baanx’s ecosystem.
Through its strategic partnership with Monavate, Baanx has successfully redefined crypto for commerce, delivering secure, scalable, and globally accepted financial solutions. By integrating traditional and decentralized finance, Baanx is setting a new benchmark for innovation in the crypto space.
Ready to revolutionize your financial services? Partner with Monavate and take your vision to the next level.