Will Canny is a finance reporter at CoinDesk.n
The approach came while the crypto payments firm was exploring a series B funding round.BCB Group, a payments processor that links crypto firms to the banking system, has received a takeover approach from an investor, according to three people familiar with the matter.
The buyout interest was initiated by the potential acquirer while the London-based company was exploring a Series B funding round, said the people, who spoke on condition of anonymity because the matter is private. The business is not formally up for sale, and there are no negotiations taking place, one of the people said.M&A activity in the U.K. crypto industry has been heating up in recent months. Elwood Technologies, the crypto-focused trade execution and risk management platform backed by billionaire hedge fund manager Alan Howard,funding round in January 2022.
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