According to TechFlow, on September 5, Coindesk reported that people familiar with the matter revealed that BCB Group, a crypto banking service company, received an acquisition intention from an investor during its exploration of Series B financing. The London company confirmed the news on September 5. BCB Group completed a $60 million Series A financing in January 2022, led by Foundation Capital. In April this year, the company was authorized by French regulators to become an electronic currency institution and digital asset service provider.
Currently, BCB Group has not been officially put up for sale, nor has any negotiations taken place. The company's former CEO Oliver von Landsberg-Sadie left in November last year and was replaced by Oliver Tonkin. Mergers and acquisitions in the UK crypto industry have been heating up recently, such as Elwood Technologies, backed by billionaire hedge fund manager Alan Howard, which sold its over-the-counter trading unit in July.
