Accel led a $39m funding round in Pave Bank.

Accel, an early and growth-stage venture capital firm, led a $39m funding round in Pave Bank, a fully regulated programmable commercial bank, with participation from Tether Investments, Quona Capital, Wintermute Ventures, Helios, Yolo Investments, Kazea, and GC&H Investments. “The global financial system is moving towards regulated on-chain finance, and institutions need a trusted bridge between the old and the new,” Salim Dhanani, Pave Bank Co-Founder and CEO.