What FV Bank does

FV Bank (legal name FV Bank International Inc.) is a Puerto Rico-based digital bank founded in 2019 that combines traditional banking services with regulated digital asset custody and stablecoin infrastructure under a single platform. The bank operates under licenses from Puerto Rico's Office of the Commissioner of Financial Institutions (OCIF), including a banking license (IFE-063), a trust license under Act 273-2012, and digital asset custody authorization, and is a Principal Member of Visa. Its customer base spans fintechs, blockchain and crypto companies, small and large enterprises, and AI-native commerce platforms, served globally via a digital-first online portal, iOS and Android mobile apps, and builder-ready APIs.

The product portfolio centers on Business and Personal Banking accounts integrated with licensed Digital Asset Custody for assets including Bitcoin, Ethereum, USDC, USDT, and PYUSD. Key technology components include FVNet (proprietary 24/7 instant intrabank settlement), Visa debit and corporate cards with crypto spending capabilities, Stablecoin Direct Deposit and Payments (industry-first support across USDC, USDT, and PYUSD), Stablecoin Invoicing with instant USD settlement, Cross-Border FX, SWIFT services, virtual account numbers, and agentic-ready virtual cards. Underlying custody is powered by a Fireblocks integration, with native USDC connectivity through Circle. The 2026 unified fintech platform extends the stack into programmable financial infrastructure, integrating stablecoin settlement, custody, payments, and cross-border rails into a single programmable layer.

FV Bank monetizes through tiered subscriptions (Business Plus at $200/month, Business Prime at $750/month, Individual Plus at $25/month currently waived), transaction and wire fees, ACH transfer charges, stablecoin deposit and conversion fees (0.04%-0.1% plus USDT market-rate spread), and usage-based custody fees (0.5% of assets under custody). Distribution combines self-serve product-led growth on web and mobile with API-first and direct enterprise sales to fintech platforms and digital-native businesses. Total disclosed funding stands at approximately $13 million, led by an $8 million Series A in 2021 at a $48.9 million post-money valuation, with NGC Ventures participating to support Asia expansion. Leadership includes CEO Miles Paschini, CRO Nitin Agarwal, CFO Frank Serra, a Chief Risk Officer, CCO Ada Casiano, and Head of Core Banking and Cards Balasubramanian.

Name

FV Bank

Legal name

FV Bank International Inc.

Website

https://fvbank.us

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

FV Bank is a Puerto Rico-licensed digital bank combining traditional banking with regulated digital asset custody and stablecoin infrastructure, serving fintechs, blockchain companies, SMEs, and AI-native commerce platforms globally.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)

akta.pro secondary industries

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Virtual / Digital-First Credit Cards (FSAKABAK), B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF)

Keywords

• Digital banking services
• Digital asset custody
• Stablecoin payments
• Business banking accounts
• Cross-border payments

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Account and Banking Fees: Monthly account maintenance fees for business and individual accounts. Business Plus at $200/month, Business Prime at $750/month, Individual accounts at $25/month (currently waived). Application/account opening fees.
2. Transaction and Transfer Fees: Fees for ACH transfers, wire transfers (domestic and international), and cross-border payments. ACH fees range from $12-$150 depending on amount. Wire fees from $35-$100. Stablecoin direct payments at 0.10% with $25-$1500 range.
3. Digital Asset Custody Fees: 0.5% of assets under custody calculated quarterly on average basis for business accounts. Individual accounts: no charge up to $250,000, then 0.5% AUC. Convert (buy/sell digital assets) at 0.5%.
4. Card and Debit Fees: Plastic card issuance at $50, replacement at $50. Annual maintenance at $100 for international accounts. ATM transactions at $3.50-$5. Foreign currency transaction fee at 2.99%.
5. Stablecoin Deposit/Conversion: USDC/PYUSD direct deposits: 0.04%-0.1% depending on amount (minimum $15). USDT at market rate + 3 basis points. Cross-currency conversion at 0.25% from mid-market rate.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

FV Bank is a regulated digital bank in Puerto Rico that provides traditional business and personal banking accounts alongside licensed digital asset custody and stablecoin-based payment services. Customers can hold USD and digital assets (Bitcoin, Ethereum, USDC, USDT, PYUSD) in the same account, execute instant intrabank transfers via the proprietary FVNet infrastructure, issue Visa debit/credit cards, and access developer APIs for programmable banking, cross-border payments, and stablecoin invoicing.

Product overview

FV Bank is a regulated U.S. digital bank headquartered in San Juan, Puerto Rico, that operates as a unified fintech platform combining traditional banking services with digital asset capabilities. The core product portfolio centers on Business and Personal Banking accounts integrated with Digital Asset Custody services, enabling customers to hold USD and digital assets in the same account. The platform offers Visa debit/credit cards through its Principal Member status, and FVNet for instant intrabank transfers. Key modules include Stablecoin Direct Deposit & Payments (supporting USDC, USDT, and PYUSD), Stablecoin Invoicing, Cross-Border FX Payments, SWIFT Services, Virtual Account Numbers, and API-Managed Accounts. The bank is expanding toward programmable financial infrastructure supporting real-time 24/7 settlement across both fiat and stablecoin-based flows.

Differentiator

Problem solved

Functional benefit

Brands

• FVNet: A proprietary payment infrastructure that enables instant settlement of transactions between FV Bank users and businesses, available 24/7 over web portal, mobile applications, and API for merchant partners.

Products and services

• Business Banking Traditional banking services for businesses including online deposit accounts, ACH transfers, domestic and international wire transfers, and access to digital asset custody and stablecoin services. Available for legal entities domiciled in supported territories.
• Personal Banking Individual deposit accounts for personal banking needs, including ACH, domestic and international wires, and stablecoin management, available to individuals at least 18 years old residing in supported territories.
• Digital Asset Custody Licensed custodial storage of digital assets including Bitcoin, Ethereum, and stablecoins (USDC, USDT, PYUSD) with secure wallet management and seamless settlement to fiat, powered by Fireblocks infrastructure.
• Credit and Debit Cards Visa debit and credit cards issued by FV Bank as a Visa Principal Member, enabling international businesses and individuals to spend worldwide, including crypto-enabled card variants.
• FVNet Proprietary payment infrastructure that enables instant settlement of transactions between FV Bank users and businesses 24/7, accessible via web portal, mobile applications, and API for merchant partners.
• Stablecoin Invoicing Enables businesses to generate itemized invoices and accept payments in USDC or PYUSD via wallet or QR code, with funds settling instantly in USD upon receipt; designed for global B2B businesses, SaaS platforms, marketplaces, and cross-border operators.
• Stablecoin Direct Deposit and Payments Direct stablecoin deposits into FV Bank accounts supporting USDC, USDT, and PYUSD, automatically converted and credited as USD; enables faster global payments and simplified cross-border stablecoin transfers.
• Cross-Border FX Payments Foreign exchange payment service enabling cross-border transfers in multiple currencies with associated fees for currency conversion.
• SWIFT Services International wire transfer capabilities via the SWIFT network, enabling USD transfers to non-US banks worldwide.
• API-Managed Accounts Programmable banking accounts accessible via APIs for developers and enterprise teams, enabling automated account management, internal and external transfers, wire requests, beneficiary management, and secure messaging.

Quantifiable outcome

• Instant USD settlement for stablecoin payments
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Four partnerships are on record, tiered supporting and core.

• Institute for Financial Integrity (IFI)supportingOthers · 17 December 2025FV Bank launched global compliance and risk management training initiative using IFI's DOLFIN platform. Program includes mandatory courses on AML, CFT, sanctions, anti-bribery, fraud, and digital assets.
• FireblockscoreTechnology or IntegrationFireblocks provides digital asset custody infrastructure for FV Bank. Partnership enables secure custodial storage of digital assets with enterprise-grade security standards.
• CirclecoreTechnology or IntegrationCircle integration enables USDC stablecoin deposits and direct deposit functionality. FV Bank and Circle announced integration allowing USDC deposits to be auto-converted and credited as USD.
• VisacoreTechnology or IntegrationFV Bank is a Principal VISA member enabling issuance of crypto debit and corporate cards. Partnership supports international spending and ATM access for cardholders worldwide.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Anchorage Digital: Federally chartered crypto-native bank offering digital asset custody, stablecoin services, and trading infrastructure. Directly comparable as a regulated bank serving fintech and crypto institutions with a similar hybrid traditional-plus-digital-asset model.
• Cross River Bank: NJ-chartered commercial bank and leading fintech banking-as-a-service provider. Comparable in serving fintech and digital-native clients with API-driven banking infrastructure and embedded finance products.
• Customers Bank: Commercial bank with a digital asset division and B2B banking-as-a-service platform. Directly comparable in providing regulated banking infrastructure with stablecoin and crypto on-ramps for fintech clients.
• Juno: Crypto-friendly banking platform offering checking accounts, stablecoin support, and digital asset on-ramps. Comparable as a digital-first bank targeting crypto and fintech customer segments with similar product overlap.
• BankProv: Commercial bank historically serving crypto and fintech businesses with treasury management and lending. Comparable as a small commercial bank serving digital asset and fintech client segments.

Broad incumbents

• Galaxy Digital: Diversified digital asset financial services firm with trading, asset management, and banking-adjacent services. Comparable in serving institutional crypto clients with regulated infrastructure.
• Prime Trust: Nevada-chartered trust company offering custody, fiat on/off-ramps, and stablecoin infrastructure. Comparable in providing regulated digital asset custody and stablecoin-to-fiat conversion services to fintechs.

Regional players

• Choice Financial Group: North Dakota community bank with a fintech banking-as-a-service division (ChoiceBank) serving digital businesses. Comparable in offering API-driven banking infrastructure to fintechs from a smaller banking charter base.

Emerging players

• Bitstamp: Licensed crypto exchange with fiat banking integrations for stablecoin and digital asset on/off-ramps. Comparable as a regulated crypto firm providing fiat rails adjacent to FV Bank's stablecoin deposits service.

Others

• Fireblocks: Digital asset custody and infrastructure provider whose technology underpins FV Bank's custody offering. Adjacent infrastructure vendor relationship, not a competitor, but a critical enabler of FV Bank's regulated custody product.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fvbankus
• LinkedInlinkedin.com/company/fv-bank

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FV Bank