VelaFi Secures $20M in Series B Funding with Alibaba

Key Points:

• VelaFi completes $20M funding round led by XVC and Ikuyo.
• Funding aims to expand payment infrastructure globally.
• New financial backing strengthens VelaFi’s market position.

VelaFi, a Latin American stablecoin-driven payment platform, secured $20 million in a Series B funding round led by XVC and Ikuyo, with Alibaba’s participation, boosting total capital to over $40 million to enhance global payment infrastructure.

This investment accelerates VelaFi’s global expansion, enhancing its stablecoin payment infrastructure across vital economic corridors including Latin America, the U.S., and Asia.

VelaFi recently secured $20 million through its Series B funding round, significantly backed by industry giants XVC and Ikuyo, with active participation from Alibaba Investment. This strategic influx aims to bolster VelaFi’s stablecoin-powered payment infrastructure, offering expanded global settlement services.

Alibaba’s involvement alongside current investors such as Planetree and BAI Capital highlights a robust backing for VelaFi’s vision. CEO Maggie Wu emphasizes their commitment to building a transparent and regulatory-first global payment infrastructure, vital for facilitating cross-border trade flows.

The freshly raised capital positions VelaFi to extend its offerings and strengthen its license holdings across key international economic corridors. By meeting rising demand and adding billions in payment volume, VelaFi aims to support enterprises with comprehensive payment solutions.

The $20 million infusion marks a notable increase in VelaFi’s total funding, now over $40 million, with a clear focus on expanding multi-currency operations and enhancing foreign exchange workflows. This funding push reinforces VelaFi’s competitive edge in the stablecoin sector and aligns with broader fintech trends favoring instantaneous cross-border transactions.

Historically, similar funding rounds have led to increased market participation and expanded regulatory oversight. VelaFi’s next steps likely involve scaling technological capabilities and enhancing regulatory compliance in international markets. This advancement may catalyze shifts in cross-border payment solutions, impacting both traditional financial institutions and emerging fintech competitors.