Bakkt Raises $300 Million in Series B Funding
Bakkt has successfully raised $300 million in a Series B funding round. Major backers include Intercontinental Exchange, Microsoft's M12, and others. Following the acquisition of Bridge2 Solutions, Bakkt now boasts 350 employees, powering loyalty programs for top financial institutions and major airlines. This summer, Bakkt plans to launch its app, which will broaden the scope of digital assets to include things like airline miles and game data. The firm has already integrated with Starbucks, allowing Bakkt Cash as a payment option. Starbucks remains a strategic partner, helping to explore new cryptocurrency payment methods.
FAQ
❓ Who are the key investors in Bakkt's Series B funding?
The key investors include Intercontinental Exchange, Microsoft's M12, PayU, Boston Consulting Group, and others.
❓ What is Bakkt's new app feature?
Bakkt's new app aims to integrate digital assets, allowing conversion to dollars, and is initially integrating with Starbucks.
❓ When is the Bakkt app launching?
The Bakkt app is scheduled to launch this summer.