Cryptocurrency payment company Baanx has completed a $20 million Series A funding round, with participation from Ledger and others.

ChainCatcher news, according to CoinDesk, the crypto payment company Baanx announced the completion of a $20 million Series A funding round, which included investments from Ledger, Tezos, Chiron, and a UK commercial bank, bringing the company's total funding to over $30 million.

It is reported that Baanx is a cryptocurrency payment company authorized by the UK's Financial Conduct Authority (FCA), operating the Ledger card product, which recently signed a three-year partnership with Mastercard in the UK and Europe. Baanx Chief Business Officer Simon Jones stated, "Over the past 12 months, we have been building a range of non-custodial on-chain products, creating a new type of crypto payment. Allowing users to have complete control over their funds while enabling real-world spending, we aim to power the next generation of crypto payments."