Pave Bank

Pave Bank is a licensed commercial bank that provides corporate and institutional clients with a single platform for both traditional banking and regulated digital assets. Its product set includes deposit accounts, international payments, foreign exchange liquidity, payment card issuance and corporate treasury management, combined with institutional-grade digital asset management, an instant settlement network and an over-the-counter trading desk. Clients access these services under one regulatory framework, one compliance standard and one interface, which the company positions as an alternative to using separate providers for fiat banking, custody and liquidity.

The bank describes itself as a technology company in product design and build and a regulated bank in matters of risk, capital and regulatory management. It states that client deposits are insured and protected within the framework and limits of Georgian law under the Deposit Insurance System, and that it publishes open disclosures of key metrics. Use cases cited by the company include exchanges and market makers managing digital assets, fiat and fixed-income treasury products in one place and transacting with counterparties over the Pave Network, and corporates adopting stablecoins that wish to unify digital and fiat treasuries.

Founding story

Pave Bank was founded by CEO Salim Dhanani together with Simon Vans-Colina and Dmitry (Dima) Bocharov, around two ideas: that the future of money is programmable and that businesses need a regulated, bank-grade counterparty able to operate across traditional and digital asset rails. Dhanani previously worked at the World Bank and co-founded BigPay; Vans-Colina helped establish Starling Bank after roles at Citibank and Vocalink; Bocharov was part of the management team at DAX-listed Ferratum Bank.

Business model

Pave Bank operates as a fully licensed, full-reserve commercial bank serving corporate and institutional clients, bundling banking, treasury, settlement and digital asset services in one regulated platform rather than through multiple intermediaries.

The company monetises banking and markets services delivered to corporate and institutional clients, including deposit accounts, payments, FX liquidity, card issuance, treasury management and an OTC trading desk.

Traction

The company reported achieving profitability in seven of its first nine months of operation and a team of just over fifty people as of October 2025, with total funding of more than $44 million.

Latest developments

In late October 2025 Pave Bank announced it had raised over $39 million led by Accel, with participation from Tether Investments, Quona Capital, Wintermute Ventures, Helios Digital Ventures, Yolo Investments, Kazea Fund and GC&H Investments, bringing total funding above $44 million. The company said proceeds would fund broader licensing coverage, deeper programmable treasury and institutional finance products, and integrations with major financial and digital asset ecosystems.