According to CoinDesk, stablecoin payment infrastructure provider VelaFi has completed a $20 million Series B funding round led by XVC and Ikuyo. Global investors including Alibaba Investment, Planetree, and BAI Capital also participated, bringing the company's total funding to over $40 million. Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has since expanded to the United States and Asia. The platform connects local banking systems, cross-border payment networks, and major stablecoin protocols, enabling businesses to transfer funds across markets more quickly and at lower costs than traditional systems. CEO and co-founder Maggie Wu stated that this funding round will accelerate the company's global expansion from Latin America to the United States and Asia.
VelaFi Completes $20M B-Round Funding Led by XVC and Ikuyo
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Summary
VelaFi announced $20 million in project funding news, with XVC and Ikuyo leading the B-round. Alibaba Investment, Planetree, and BAI Capital also joined. The company has now raised over $40 million since 2020. VelaFi connects local banks, cross-border payment networks, and stablecoin protocols to enable fast, low-cost international transfers. CEO Maggie Wu said the funding will speed up expansion into the U.S. and Asia. This project funding news highlights growing interest in crypto news and infrastructure innovation.
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