Mastercard Expands Crypto with $1.8 B BVNK Buy, Qover Raises $12 M
Mastercard acquired stablecoin infrastructure startup BVNK for $1.8 billion in March, adding issuance and treasury management to its digital assets suite. Qover, which underpins Mastercard’s embedded insurance, secured $12 million in growth capital, pushing total funding past $100 million to expand its AI-driven platform across 32 countries.
1. Mastercard Acquires BVNK for $1.8B
Mastercard completed a $1.8 billion acquisition of stablecoin infrastructure startup BVNK in March, integrating BVNK’s stablecoin issuance and treasury management services into its global network. This strategic purchase enhances Mastercard’s institutional crypto offerings and lays groundwork for token-based payment solutions.
2. Qover Funding Strengthens Mastercard Partnerships
Qover, whose embedded insurance orchestration platform underpins Mastercard’s point-of-sale insurance services, secured $12 million in growth capital, lifting its total funding above $100 million. The investment will advance Qover’s AI-driven compliance and expand its coverage in over 32 countries, supporting future joint programmes with Mastercard.