Velocity raises USD $10 million extension to Series A

Velocity has raised a USD $10 million extension to its Series A round, bringing total Series A funding to USD $48 million.

The latest investment includes Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital and Mirana Ventures. It follows a previously announced USD $38 million Series A and adds investors with interests across payments, stablecoins and financial infrastructure.

Velocity operates a stablecoin payments and treasury platform for institutions and businesses. Its systems are designed to let users manage settlement, liquidity and treasury operations with stablecoins without replacing existing payments and banking infrastructure.

The funding comes as stablecoins draw growing interest from financial institutions seeking ways to move money outside traditional banking hours and with less reliance on prefunding. Velocity is targeting issuers, acquirers, payment providers, financial institutions and merchants that want to connect stablecoin use to established treasury and settlement processes.

Founder and Chief Executive Officer Eric Queathem said the extension broadens Velocity's investor base as it seeks to deepen its role in the payments market.

"We are excited to welcome several new investors to Velocity, including Visa through Visa Ventures," said Founder and Chief Executive Officer Eric Queathem. "From day one, we have focused on improving how money moves through the payments ecosystem. These investors operate at the center of that ecosystem and will provide invaluable insight as we use stablecoins to transform the experience."

Investor mix

Visa's involvement adds a major card network to the cap table, while Circle Ventures and Ripple bring backing from companies associated with regulated digital assets and cross-border payments. Haun Ventures, Translink Capital and Mirana Ventures add support from investors active in financial technology and digital asset markets.

For Velocity, the investor line-up is notable because it spans both established payment groups and crypto-focused backers. That mix reflects a broader market shift, as stablecoin businesses increasingly try to fit into mainstream financial workflows rather than operate separately from them.

The company says its platform is designed to support more continuous money movement behind payment systems. It also aims to reduce the need for customers to hold funds in multiple locations in advance and to extend settlement activity beyond conventional banking timetables.

Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, said the investment reflects the company's view of stablecoins' role in payments.

"Stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem, and companies like Velocity are helping accelerate adoption and unlock new opportunities for our customers and partners," Birwadker said. "We're excited to invest in Eric and the Velocity team as they build the infrastructure needed to bring stablecoin-powered money movement to every business."

Market push

Stablecoin providers and infrastructure companies have been positioning their products as tools for treasury management and institutional settlement, rather than solely as instruments for crypto trading. That has increased focus on the systems needed to connect digital assets with banks, merchants and payment processors.

Velocity says this is where it wants to sit in the market. Its aim is to link stablecoin flows to the treasury and settlement systems institutions already use, rather than ask them to rebuild those systems from scratch.

Translink Capital's backing also gives the company another connection into Asia through the investor's corporate and institutional network. That could matter for a business pursuing global payment and treasury use cases, where regional partnerships can influence adoption.

Haun Ventures framed its investment as part of a broader view that stablecoins are becoming more deeply embedded in financial infrastructure. A partner at the firm linked Velocity to its earlier bets on related companies in the sector.

"Haun Ventures had early conviction in stablecoin infrastructure, with investments in both Bridge and BVNK. Velocity represents the next evolution of that thesis," said Chris Ahn, Partner at Haun Ventures. "Stablecoins are moving beyond faster transactions to become a foundational layer for global finance. Velocity is building the technology that enables major institutions to embed them directly into their payment and treasury operations."

With the extension complete, Velocity has now raised USD $48 million in total Series A funding.