Pave Bank, a firm developing the world’s first “programmable bank” designed for digital assets and the AI era, has secured $39m in funding.
The funding round was led by Accel, with participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments, claims Finextra.
Founded by CEO Salim Dhanani, alongside Simon Vans-Colina and Dmitry Bocharov, Pave Bank brings together a wealth of experience from the global banking and FinTech sectors. Dhanani previously worked at the World Bank and co-founded BigPay, Vans-Colina helped establish Starling Bank after stints at Citibank and Vocalink, and Bocharov was part of the management team at DAX-listed Ferratum Bank.
Pave Bank provides an integrated platform that combines commercial banking services—such as deposit accounts, payments, FX liquidity, and card issuance—with institutional-grade digital asset management tools. These include instant settlement capabilities, OTC trading, and corporate treasury solutions.
The company aims to simplify financial operations by allowing clients to manage both fiat and digital assets under one regulatory and compliance framework. Businesses using Pave Bank can automate treasury management, unify fiat and digital assets, and transact securely within the Pave Network without relying on multiple intermediaries.
The latest funding will enable Pave to broaden its licensing coverage, enhance its programmable treasury and institutional finance offerings, and strengthen its connections with leading financial and digital asset ecosystems.
Pave Bank CEO Salim Dhanani said, “The global financial system is moving towards regulated on-chain finance, and institutions need a trusted bridge between the old and the new. We have built a mulit-asset bank that merges the stability and prudential oversight of traditional finance with the automation, speed, and intelligence of digital assets. This is about redefining how money moves safely, transparently, and automatically across the world’s financial systems.”
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