BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank

BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
BCB Group, the crypto-dedicated payments services provider, has acquired fintech-focused Sutor Bank, gaining control of a German bank to drive its expansion in the European Union.Terms of the deal, which requires approval from the German regulator, BaFin, were not disclosed. BCB said it expects the transaction to be cleared by the end of February.“Adding a fully licensed bank to the group will enable BCB Group to better service its clients in the EU and drive growth across its business line,” the company said in a statement.The London-based company has witnessed a huge jump in volume growth, and in February this…