Baanx - About the company
Baanx is an acquired company based in London (United Kingdom), founded in 2014 by Garth Howat. It operates as a Provider of API-based banking solution. Baanx has raised $35.3M in funding from investors like British Business Bank, Ledger and Tezos. The company has 2524 active competitors, including 426 funded and 113 that have exited. Its top competitors include companies like Razorpay, BitGo and Consensys.
Company Details
Provider of API-based banking solution. It offers a solution that enables businesses to provide digital banking services to end customers. It enables virtual IBAN accounts, personalized payment cards with branding, white labelled mobile applications, payment gateways, and more.
- Website
- www.baanx.com/
- Social
- Email ID
- *****@baanx.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2014
Location
London, United Kingdom
Stage
Acquired
Total Funding
$35.3M in 3 rounds
Latest Funding Round
Investors
Ranked
56th among 2524 active competitors
Employee Count
36 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Exodus (Nov 24, 2025)
Legal entities associated with Baanx
Baanx is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
BAANX.COM LTD CIN: 11155611 , United Kingdom, Active | Jan 16, 2018 | - | - | |
BAANX GROUP LTD CIN: 11155938 , United Kingdom, Active | Jan 16, 2018 | - | 25 (As on Jun 30, 2023) |
Baanx's acquisition details
Baanx got acquired by Exodus on Nov 24, 2025.
Click here to take a look at Baanx's acquisition in detail
Sign up to download Baanx's company profile
Baanx's funding and investors
Baanx has raised a total funding of $35.3M over 3 rounds. Its first funding round was on Dec 30, 2019. Its latest funding round was a Series A round on Mar 05, 2024 for $*****. 4 investors participated in its latest round. Baanx has 14 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Baanx:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 05, 2024 | 2045738 | Series A | 7449692 | 8844375 | 9350312 | 8253814 |
Jun 30, 2021 | 7361766 | ICO | 8414729 | 5841002 | 4080600 | 2434495 |
Dec 30, 2019 | 5521003 | Seed | 9067145 | 9008847 | 4229951 | 7054380 |
Access funding benchmarks and valuations. Sign up today!View details of Baanx's funding rounds and investors
Baanx's founders and board of directors
Founder? Claim ProfileThe founders of Baanx is Garth Howat. Garth Howat is the CEO of Baanx.
Here are the details of Baanx's key team members:
- Garth Howat: Founder & CEO of Baanx.
View details of Baanx's Founder profiles and Board Members
Baanx's employee count trend
Baanx has 36 employees as of Sep 26. Here is Baanx's employee count trend over the years:
Uncover Baanx's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Baanx's Competitors and alternates
Top competitors of Baanx include Razorpay, BitGo and Consensys. Here is the list of Top 10 competitors of Baanx, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 81/100 | |
3rd |  Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
4th | Coins.ph 2014, Pasig (Philippines), Acquired | Digital wallet for Bitcoin assets | $40M | 79/100 | |
5th |  FalconX 2018, San Francisco (United States), Series D | Online platform offering cryptocurrency trading and investment solutions for institutions | $430M | 79/100 | |
6th | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking infrastructure for digital payments and verification | $322M | 78/100 | |
7th | Amber Group 2017, Singapore (Singapore), Series C | Provider of blockchain-based financial solutions | $628M | 77/100 | |
8th | _1587622150601.png?devicePixelRatio=2&height=30&width=30){kind=logo} Luno 2013, London (United Kingdom), Acquired | App-based platform for crypto wallet and investments | $13M | 76/100 | |
9th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 76/100 | |
10th |  Fireblocks 2018, New York (United States), Series E | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | $1.04B | 75/100 | |
56th | Baanx 2014, London (United Kingdom), Acquired | Provider of API-based banking solution | $35.3M | 59/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Baanx's competitors? Click here to see the top ones
Baanx's Investments and acquisitions
Baanx has a total of 1 investment in Maxwell State Bank. Baanx has not made any acquisitions as of now.Reports related to Baanx
Here is the latest report on Baanx's sector:
News related to Baanx
Filter this listMedia has covered Baanx for a total of 8 events in the last 1 year, 1 of them has been about company updates.
•
Exodus Movement Acquires Outstanding Shares of Monavate Holdings Limited and Baanx.com Ltd.Aktiencheck•May 02, 2026•Exodus, Monavate, Baanx
•
•
Exodus Moves to Acquire Baanx and Monavate in $175M DealBitcoin•Nov 25, 2025•Exodus, Monavate, W3C, Baanx and 1 other
•
Wallet provider Exodus acquires W3C for $175 million to expand crypto payments stackCryptocurrency•Nov 25, 2025•Exodus, Monavate, W3C, Baanx
•
•
MetaMask Metal Payment Card Launch: Self-Custody Crypto Card for Direct PaymentsGlobeNewswire•Apr 28, 2025•CompoSecure Professional Services, Baanx, MetaMask
•
•
Crypto wallet technology company Dfns completes $16 million financingCoinTime•Jan 14, 2025•Dfns, Wintermute, Motive Partners, Bpifrance and 12 others
•
MetaMask Debuts Web3 Debit Card Allowing Users to Buy Directly from their Crypto WalletsNftgators•Aug 15, 2024•MetaMask, Mastercard, Baanx
•
MetaMask, Mastercard, and Baanx launch world's first crypto payment cardTech.eu•Aug 14, 2024•MetaMask, Mastercard, Baanx
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Baanx
Explore our recently published companies
- NWNT Consulting Sarl, Genveva-Switzerland - Switzerland based, 2016 founded, Unfunded company
- Creative Ops - United Kingdom based, Unfunded company
- Print3DPro - Unfunded company
- AIZA - Palo Alto based, 2023 founded, Series A company
- Sunandsuncattlefeed - Raipur based, 2017 founded, Unfunded company
- KG Latvija - Sigulda based, 2014 founded, Unfunded company
