VelaFi, a financial infrastructure platform powered by stablecoins, raised a $20M Series B round led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, BAI Capital, and other investors.
VelaFi builds payment infrastructure powered by stablecoins for enterprises operating in complex and underserved markets. VelaFi has established a strong presence in Latin America and has expanded into the United States and Asia. Its platform connects local banking networks, global payment rails, and major stablecoin protocols through a single system.
VelaFi will use the capital to accelerate global expansion, strengthen its licensing network, and expand connectivity across key economic corridors in Latin America, the United States, and Asia.
Founded in 2020 by Maggie Wu, VelaFi operates as part of Galactic Holdings. Its platform supports cross-border payments, multi-currency operations, foreign exchange workflows, and secure asset management through direct access and API integrations.
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