VelaFi completes $20 million Series B funding round, co-led by XVC and Ikuyo
BlockBeats News, January 12, according to Coindesk, stablecoin financial infrastructure provider VelaFi has completed a $20 million Series B funding round, co-led by XVC and Ikuyo. Alibaba Investment, Planetree, BAI Capital, and other global investment institutions also participated in this round, bringing the company's total funding to over $40 million.
Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has now expanded its business to the US and Asian markets. The platform integrates local banking channels, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to transfer funds across markets faster and at lower costs than traditional systems.
The company provides fiat and cryptocurrency on/off ramps, payment and collection solutions, cross-border payments, multi-currency accounts, foreign exchange tools, and asset management services, supporting access via direct platform or API interface.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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