Core Insights - Pave Bank, a fintech bank backed by Accel, raised over $39 million in a funding round, bringing its total funding to over $44 million [1][2] - The bank has reported profitability in seven of its first nine months of operation, a notable achievement for a newly licensed bank [2] - Pave Bank focuses on a technology-driven operating model that emphasizes sustainability and leverages automation and AI across various functions [3] Funding and Financial Performance - The recent funding round was led by Accel and included participation from several other investors such as Tether Investments and Quona Capital [1] - The capital raise supports Pave Bank's expansion into new markets [2] - The bank's profitability in its early months indicates a strong operational foundation [2] Business Model and Services - Pave Bank aims to bridge traditional finance and digital assets, addressing operational challenges faced by institutions managing both fiat and digital currencies [4][5] - The bank offers a comprehensive suite of services including deposit accounts, international payments, foreign exchange liquidity, and digital-asset management, all under a unified regulatory framework [6] - The focus on a multi-asset banking model combines the stability of traditional finance with the speed and intelligence of digital assets [4][5]