🚀 VelaFi raises $20 million to accelerate global expansion: stablecoins are taking over the payments market!
Latin American fintech giant VelaFi has officially completed its Series B funding round, raising $20 million. The company's total funding now exceeds $40 million! 🔥
Who participated?
This round was led by XVC and Ikuyo. Other major investors include Alibaba Investment, Planetree, and BAI Capital. This strong investor lineup clearly indicates that institutional investors see a bright future in stablecoin infrastructure.
Where will the funds go?
VelaFi plans to expand its solutions to the U.S. and Asian markets. Key priorities include:
✅ Expanding licensing coverage.
✅ Deepening bank integrations.
✅ Developing a B2B platform for cross-border payments.
Why is this important?
VelaFi acts as a 'bridge' between traditional banking and cryptocurrency. Their API enables businesses to seamlessly handle on-ramp/off-ramp operations and multi-currency transfers. The company has processed billions in transaction volume and aims to become a leader in the next generation of global payments.
CEO Meggie Wu said: "We are building a compliant, instant, and transparent infrastructure."
🌐 The future of payments is here, and it's being driven by stablecoins.
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