VelaFi Secures US$20 Million in Series B Funding Round

Financial infrastructure provider VelaFi has completed a US$20 million Series B funding round, bringing its total capital raised to more than US$40 million. The round was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, and existing shareholder BAI Capital.

VelaFi, a subsidiary of Galactic Holdings, operates a stablecoin-powered platform designed to support enterprise-level global payments. Founded in 2020, the company initially focused on the Latin American market before expanding into the United States and Asia.

Infrastructure and Connectivity

The platform integrates local banking systems, global transfer networks, and major stablecoin protocols to facilitate cross-border financial flows. VelaFi aims to address enterprise challenges such as settlement delays and liquidity fragmentation by offering a unified settlement layer.

Current services offered through the platform, either directly or via API, include:

• On/Off Ramps: Facilitating the exchange between fiat and digital currencies

• Global Disbursements: Pay-ins and pay-outs across international corridors

• Treasury Management: Multi-currency operations and secure asset custody

• FX Workflows: Real-time foreign exchange execution

The new capital will support VelaFi's expansion across key economic corridors. The company currently manages billions of dollars in payment volume for hundreds of enterprise clients.

Maggie Wu, CEO and Co-Founder, VelaFi, said the investment will accelerate the company’s expansion from Latin America into the United States and Asia. She noted that these regions account for a significant share of global trade flows and that VelaFi aims to deliver infrastructure that traditional financial systems have struggled to provide.

VelaFi’s growth coincides with a broader shift in global finance. Annual cross-border payment flows exceed US$150 trillion, while stablecoin-based settlements are estimated to support between US$25 trillion and US$30 trillion in annual transaction volume. “For policymakers, this scale has made stablecoins impossible to ignore. For businesses, it has demonstrated that stablecoins are financial instruments capable of supporting real economic activity—from payroll and supplier payments to cross-border liquidity management and treasury operations that have long been constrained by fragmented banking systems and high friction,” Wu said.

Regulatory developments have also gained momentum, with the United States advancing the GENIUS Act, Hong Kong implementing a comprehensive licensing framework, and Europe completing the first full year of Markets in Crypto-Assets (MiCA) enforcement. While each jurisdiction has taken a distinct approach, together they reflect a shared recognition that stablecoins are becoming an integral component of the financial system and require clear, practical standards aligned with financial stability and consumer protection, Wu added.