VelaFi Raises $20 Million to Expand Global Stablecoin Payments
- VelaFi announced the completion of a $20 million Series B funding round.
- The financing was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, and BAI Capital.
- The announcement was made on January 12 in Dallas and Mexico City.
- This investment brings VelaFi’s total capital raised to over $20 million.
VelaFi has secured significant funding to enhance its stablecoin-powered payment network on a global scale. The involvement of major investors like Alibaba Investment highlights confidence in VelaFi’s infrastructure expansion plans.
The $20 million Series B round underscores growing interest in stablecoin solutions for global payments, positioning VelaFi for further growth and development in this sector. Source
