Company
BANXA Holdings Inc
CVE:BNXA
BANXA Holdings Inc powers the world’s largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. The company's vision and mission is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. BANXA provides RegTech services for cryptocurrency exchanges, DeFi platforms and digital asset wallets alongside its payment services, allowing users in the network to easily and securely convert fiat currency to cryptocurrencies and back again. The company is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.
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Banxa Holdings says rapid growth rate ultimately caused trade cessation
The company said it has experienced significant growth both in terms of transaction volumes and order processing, and that the accelerated growth rate has put a strain on its financial systems and processes
Banxa Holdings says 'clear line to profitability' in 2022 as it closes C$3.5M funding from Lind Partners
Holger Arians, CEO of Banxa, commented: "We highly appreciate the confidence demonstrated by Lind since 2020 and we are excited about the opportunity this growth capital affords Banxa"
Banxa Holdings secures additional US State Money Transmitter Licenses; wins key partnerships
“Having these MTLs solidifies Banxa's position in the largest crypto market along with the numerous commercial benefits it brings to our partners and us,” Banxa Holdings CEO Holger Arians said
Banxa secures $3.5M cornerstone investment from Lind to bolster its balance sheet
“Upon closing, Banxa will have over AU$12 million in cash and equivalents giving us well over 12 months of operational cash runway based on our current transaction volumes,” said Banxa CEO Holger Arians
Banxa Holdings initiates formal review process after receiving several unsolicited M&A proposals
Domenic Carosa, Banxa’s founder and chairman of the board, told investors that the company’s board is excited about the future, as it continues to build “important pieces” of the global crypto market infrastructure
Banxa sells three non-core domain names and associated website assets for AU$3M
The company said it will bolster its balance sheet with the sale of domain names and website assets coinloft.com.au, buyabitcoin.com.au, and bitcoin.com.au to one of Australia's leading cryptocurrency exchanges, Independent Reserve Private
BANXA Holdings deepens push into US market with new payment solutions and Reno-based team
The payments and on/off ramp solutions provider revealed that US local acquiring has been activated and it has made comprehensive payments coverage available to BANXA's partners and customers
BANXA Holdings announces establishment of US office and submission of eight license applications in world’s largest crypto market
“By establishing a physical presence in the US, we can acquire new partners and users in a more cost-efficient way and with a broader service offering,” said BANXA USA CEO Richard Mico
BANXA reveals series of initiatives designed to save around $10M in annual cost savings
BANXA said it plans to reduce its global employee headcount by approximately 30%, streamline SG&A accounts and downside its European Union (EU) operations and its executive team on the continent
BANXA launches local payments in Turkey; releases crypto ‘Sell’ off-ramp for stablecoins with top global exchanges
The company said it is now the “only platform to enable global off-ramping of stablecoins,” by leveraging its large network of local bank transfers
BANXA announces partnership with digital assets platform WonderFi
The company's CEO Holger Arians said: "Banxa's B2B (business-to-business) services provide a seamless experience for our partners to offer their customers local payment methods in a safe, compliant way."
BANXA doubles revenue in first nine months as expansion continues
"The March quarter results show our continued growth not just in commercial volumes but in our ambition to be the leading fiat on- and off ramp across Web3 in the most markets,” Domenic Carosa, founder and chairman of Banxa said
BANXA Holdings partners with Atomic Hub to launch direct cash to NFT checkout solution for NFT market
The digital payments infrastructure provider said the release allows its global partner network access to millions of end users looking to more easily purchase non-fungible tokens (NFTs) with credit cards
BANXA expands local fiat-to-crypto payment infrastrucutre in Brazil, Turkey and others
The company is also exploring setting up operations in Luxemburg and India in the future
Banxa reports 71% year-over-year increase in transaction values for 3Q 2022
For the quarter ending March 31, 2022, the company grew total transaction volume from US$159 million (AU$207 million) to US$274 million (AU$355 million), in line with the market conditions
BANXA Holdings announces February 2022 total transaction value of US$76 million, up 48% year-on-year
The company also added two new fiat currencies to now support a total of 32 fiat currencies enabling seamless access to digital currencies through multiple payment methods