Insiders: Cryptocurrency payment company BCB Group received acquisition intentions while exploring Series B financing.

Deep Tide TechFlow News, on September 5th, according to Coindesk, sources revealed that the crypto banking service company BCB Group received an acquisition intention from an investor during the exploration of Series B financing. The London-based company confirmed this news on September 5th. BCB Group completed a $60 million Series A financing in January 2022, led by Foundation Capital. In April of this year, the company obtained authorization from the French regulatory authority to become an electronic money institution and digital asset service provider. Currently, BCB Group has not officially listed for sale or engaged in any negotiations. The former CEO of the company, Oliver von Landsberg-Sadie, resigned in November last year and was succeeded by Oliver Tonkin. M&A activities in the UK crypto industry have recently shown an increasing trend, such as Elwood Technologies, supported by billionaire hedge fund manager Alan Howard, selling its OTC trading division in July.