- VelaFi completes $20M funding round led by XVC and Ikuyo.
- Funding aims to expand payment infrastructure globally.
- New financial backing strengthens VelaFiโs market position.
VelaFi, a Latin American stablecoin-driven payment platform, secured $20 million in a Series B funding round led by XVC and Ikuyo, with Alibabaโs participation, boosting total capital to over $40 million to enhance global payment infrastructure.
This investment accelerates VelaFiโs global expansion, enhancing its stablecoin payment infrastructure across vital economic corridors including Latin America, the U.S., and Asia.
VelaFi recently secured $20 million through its Series B funding round, significantly backed by industry giants XVC and Ikuyo, with active participation from Alibaba Investment. This strategic influx aims to bolster VelaFiโs stablecoin-powered payment infrastructure, offering expanded global settlement services.
Alibabaโs involvement alongside current investors such as Planetree and BAI Capital highlights a robust backing for VelaFiโs vision. CEO Maggie Wu emphasizes their commitment to building a transparent and regulatory-first global payment infrastructure, vital for facilitating cross-border trade flows.
โWe are building the next generation of global payment infrastructure, one that is instant, transparent, and regulatory-first. This investment accelerates our global expansion from Latin America into the United States and Asia. These three regions collectively anchor a significant share of the worldโs trade flows, capital movement, and enterprise activity. By strengthening our licensing footprint and deepening our connectivity across these critical economic corridors, we aim to build the unified settlement layer that modern global businesses urgently need but that traditional financial infrastructure has not been able to provide.โ โ Maggie Wu, CEO and Co-Founder, VelaFi Source
The freshly raised capital positions VelaFi to extend its offerings and strengthen its license holdings across key international economic corridors. By meeting rising demand and adding billions in payment volume, VelaFi aims to support enterprises with comprehensive payment solutions.
The $20 million infusion marks a notable increase in VelaFiโs total funding, now over $40 million, with a clear focus on expanding multi-currency operations and enhancing foreign exchange workflows. This funding push reinforces VelaFiโs competitive edge in the stablecoin sector and aligns with broader fintech trends favoring instantaneous cross-border transactions.
Historically, similar funding rounds have led to increased market participation and expanded regulatory oversight. VelaFiโs next steps likely involve scaling technological capabilities and enhancing regulatory compliance in international markets. This advancement may catalyze shifts in cross-border payment solutions, impacting both traditional financial institutions and emerging fintech competitors.
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VelaFi Secures $20M in Series B Funding with Alibaba
VelaFi, a Latin American-based stablecoin payment platform, successfully completed a $20 million Series B funding round, with significant participation from Alibaba, expanding its reach into the U.S. and Asia.
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