Pave Bank, which launched in Georgia last year, has raised $39 million in new investment to expand its corporate and institutional banking services that merge traditional finance with regulated digital assets.

Backed by major global investors — including Accel Partners, Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Capital, and GC&H Investments — this marks the largest venture funding round for a digital bank in Georgia’s financial market.

With this round, Pave Bank’s total funding exceeds $44 million, supporting plans to grow its regulatory footprint, accelerate product innovation, and expand globally.

Co-founder and CEO Salim Danani said the bank is bridging traditional and blockchain-based finance through a multi-asset, programmable model, redefining how money moves securely and transparently across global systems.

Operating under a sustainable, technology-driven model, Pave Bank has been profitable for seven of the past nine months — an uncommon feat for a newly licensed bank.

Investors share this vision. Accel Partner Rashid Parekh highlighted Pave Bank’s role at “the forefront of the shift toward regulated, full-reserve digital finance,” while Quona Capital’s Ganesh Rengvasam praised its approach for fostering “financial inclusion and stablecoin adoption.”

Licensed by the National Bank of Georgia and headquartered in Singapore, Pave Bank also has offices in London, the UAE, Hong Kong, and the European Economic Area, with plans to further expand its global presence and regulatory framework.