Velocity adds $10m to Series A, bringing combined round to $48m
Visa Ventures, Circle Ventures, Ripple, Haun Ventures, TransLink Capital and Mirana Ventures backed the extension.
Velocity raised a $10 million extension to its $38 million Series A, bringing the combined Series A amount to $48 million. The extension is new financing and is kept separate from the original round.
Visa Ventures, Circle Ventures, Ripple, Haun Ventures, TransLink Capital and Mirana Ventures participated. The investment supports worldwide rollout of settlement and treasury infrastructure to issuers, acquirers, payment providers, financial institutions and merchants.
Velocity connects stablecoin settlement and liquidity management with existing financial systems, allowing customers to add those capabilities to their current operations.
Use of funds
Extend stablecoin payment and treasury infrastructure to issuers, acquirers, payment providers, financial institutions and merchants worldwide