VelaFi, a stablecoin-powered financial infrastructure platform under Galactic Holdings, announced it has raised $20 million in a Series B financing to expand its regulated payments and settlement capabilities across Latin America, the U.S., and Asia.
The round was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, existing shareholder BAI Capital, and other global investors. The new capital brings VelaFi’s total funding to more than $40 million, the company said.
Founded in 2020, VelaFi positions itself as an enterprise-focused settlement layer that connects local banking rails, global transfer networks, and major stablecoin protocols through a unified platform and API integrations. The company says its infrastructure is designed to address common pain points in cross-border money movement, including settlement delays, liquidity inefficiencies, and fragmented financial systems—particularly in complex or underserved markets.
VelaFi said it offers enterprise-grade tooling spanning on- and off-ramps, pay-ins and pay-outs, cross-border payments, multi-currency operations, FX workflows, treasury and liquidity tools, and secure asset management and custody. The company also said it supports hundreds of enterprise clients and has processed billions of dollars in payment volume, with demand increasing across its global corridors.
VelaFi plans to use the Series B proceeds to accelerate its geographic expansion and strengthen its “regulatory-first” approach, including deepening licensing coverage and connectivity across key trade and capital corridors in Latin America, the U.S., and Asia. The company framed the move as part of a broader shift toward faster and more interoperable global finance, citing global payment flows of more than $150 trillion annually and stablecoin settlement volumes it estimates at roughly $25 trillion to $30 trillion per year.
KEY QUOTE:
“We are building the next generation of global payment infrastructure, one that is instant, transparent, and regulatory-first. This investment accelerates our global expansion from Latin America into the United States and Asia. These three regions collectively anchor a significant share of the world’s trade flows, capital movement, and enterprise activity. By strengthening our licensing footprint and deepening our connectivity across these critical economic corridors, we aim to build the unified settlement layer that modern global businesses urgently need but that traditional financial infrastructure has not been able to provide.”
Maggie Wu, CEO and Co-Founder, VelaFi
