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Velocity raises $10 million, lifting funding total to $48 million at $200 million valuation

  • Velocity raised a $10 million Series A extension with backing from Circle Ventures, Ripple, Visa Ventures and three other investors.
  • The financing brought Velocity's total funding to $48 million and its valuation to $200 million.
  • Velocity partnered with MVB Financial on a Visa Direct pilot for stablecoin-enabled funding and settlement of eligible payouts.

London-based payments and treasury company Velocity raised a $10 million Series A extension, bringing total funding to $48 million at a $200 million valuation. Circle Ventures, Ripple, Visa Ventures, Haun Ventures, Translink Capital and Mirana Ventures participated, while Velocity also partnered with MVB Financial on a Visa Direct pilot for stablecoin-enabled funding and settlement of eligible payouts.

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