Dmitry Bocharov (Pave Bank)

Overview

Dmitry Bocharov is a notable figure in the FinTech industry, primarily recognized for his role as a co-founder of Pave Bank, a groundbreaking financial institution that pioneers in offering programmable banking services. Established in 2023 alongside Simon Vans-Colina and Salim Dhanani, Pave Bank aims to bridge the gap between traditional finance and the emergent digital asset economy. Bocharov's expertise in retail banking and product development, accumulated over nearly two decades, has been instrumental in positioning Pave Bank at the forefront of financial innovation.

Recent Developments

October 2025: Pave Bank secured a significant Series A funding round amounting to $39 million. This round was led by Accel and included participation from other prominent investors such as Tether Investments and Quona Capital. The funds are intended to enhance Pave Bank's regulatory coverage, further product development, and expand its global reach (Economic Times B2B).
December 2023: Pave Bank, having obtained a digital banking license in Georgia, officially launched its operations. The establishment positions itself as the world's first programmable bank, focusing on the integration of traditional banking with digital asset services (Financial IT).
March 2024: The company announced its strategic plans to harness programmable money and asset tokenization to redefine its service offerings, leveraging its platform to automate financial processes and accommodate the growing demands of digital asset transactions (Fintech News SG).

Personal Information

Attribute	Information
Full Name	Dmitry Bocharov
Nationality	Georgian
Occupation	Co-Founder and COO of Pave Bank
Known For	FinTech innovations and banking
Net Worth	Not publicly disclosed
Education	Background not specifically stated

Early Life and Education

Details about Dmitry Bocharov's early life and formal education are sparse. However, it is known that his professional journey in finance and technology spans over 19 years, during which he has accumulated extensive experience in retail banking and product development. Bocharov's initial career trajectory was shaped by his pivotal role at Ferratum Bank, a publicly listed company in Europe where he managed key digital transformations. His leadership skills and strategic foresight have been cited as fundamental in driving technological innovation within traditional banking structures.

Career and Notable Achievements

Dmitry Bocharov's career is marked by significant contributions to the field of banking and financial technology:

Ferratum Bank: As part of the management team, Bocharov played a crucial role in the bank's digital transformation, scaling it to become one of the leading financial institutions in its market segment.
VP Bank: In Vietnam, Bocharov led a comprehensive digital overhaul, elevating VP Bank from a lower-tier performer to a leading commercial bank (The Arabian Post).
Pave Bank: Co-founding this innovative institution, Bocharov has been instrumental in its rapid growth and the integration of programmable banking, which combines traditional services with modern digital asset management.

Current Work and Impact

Currently, as the Chief Operating Officer of Pave Bank, Dmitry Bocharov continues to influence the banking industry. Under his leadership, Pave Bank has successfully positioned itself as a unique entity in the FinTech sector, offering a fully integrated platform that simplifies and secures transactions involving both fiat and digital assets. Its programmable banking model is setting a precedent for how financial operations can be automated and streamlined across global markets.

Conclusion

Dmitry Bocharov's significant contributions to the fintech industry through Pave Bank highlight his role as a visionary leader capable of navigating the complexities of integrating traditional and digital financial systems. His expertise and strategic initiatives continue to drive Pave Bank's mission to transform the global banking landscape. As the financial sector increasingly embraces technological innovations, Bocharov's work at Pave Bank underscores the potential impact that programmable banking could have on future financial ecosystems.