VelaFi Completes $20M Series B Funding Round, Led by XVC and Ikuyo

BlockBeats News, January 12th, according to Coindesk, stablecoin financial infrastructure provider VelaFi has completed a $20 million Series B financing round, led by XVC and Ikuyo. Alibaba Investment, Planetree, BAI Capital, and other global investment institutions also participated in this round of financing, bringing the company's total funding to over $40 million.

Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has now expanded its business to the U.S. and Asian markets. The platform integrates local banking channels, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to achieve cross-market fund transfers faster and at a lower cost than traditional systems.

The company provides fiat-to-crypto onramps and offramps, payment solutions, cross-border payments, multi-currency accounts, foreign exchange tools, and asset management services, supporting access through the platform directly or via API interfaces.