Pave raises $39M to build programmable bank #
London-based fintech Pave has secured $39 million in Series A funding to develop what it calls a “programmable bank” — an infrastructure platform enabling companies to embed and automate complex financial workflows directly into their products. The round was led by Andreessen Horowitz (a16z) with participation from Founders Fund and other investors, according to Finextra
Pave’s platform allows businesses to connect directly with financial networks, automating actions such as balance checks, fund transfers, and payment scheduling through APIs. The startup aims to bridge the gap between developer-friendly fintech tools and full-stack banking infrastructure, positioning itself as a next-generation alternative to legacy BaaS providers
The company plans to use the new funding to expand its engineering team and accelerate partnerships with banks and enterprise clients across Europe and the U.S. The investment reflects continued venture interest in programmable finance, as companies seek more composable, API-driven infrastructure for global money movement.