▼ Summary
– London fintech Velocity raised a $38 million Series A to help businesses move money using stablecoins.
– The round was led by Dragonfly and FirstMark, bringing Velocity’s total funding to nearly $50 million.
– Velocity builds treasury and settlement infrastructure for companies using dollar-pegged stablecoin tokens.
London fintech startup Velocity has secured $38 million in Series A funding to accelerate its mission of helping businesses move money using stablecoins. The round was co-led by Dragonfly and FirstMark, pushing the two-year-old company’s total capital raised to nearly $50 million.
Velocity builds the financial plumbing , treasury and settlement infrastructure , for companies looking to integrate dollar-pegged stablecoins into their operations. As these digital tokens gain traction across industries, Velocity’s platform enables faster, cheaper cross-border payments and liquidity management without the volatility of traditional cryptocurrencies.
The fresh capital will fuel product development, expand the engineering team, and scale customer acquisition in Europe and beyond. By bridging the gap between legacy finance and blockchain-based settlement, Velocity aims to become the default rails for business transactions in the stablecoin economy.
(Source: The Next Web)
