Velocity has closed a $10 million Series A extension round, according to Odaily. Investors in the round include Visa Ventures, Circle Ventures, Haun Ventures, Ripple, Translink Capital, and Mirana Ventures. The company provides backend infrastructure for payment firms and banks, focused on stablecoin-based settlement, liquidity management, and treasury operations. Velocity says its system can be deployed without requiring customers to replace their existing infrastructure. The update frames the company as building financial plumbing for institutions looking to add stablecoin capabilities while keeping current systems in place.
Velocity has raised $10 million in a Series A extension round, according to Odaily.
Participants in the round included Visa Ventures, Circle Ventures, Haun Ventures, Ripple, Translink Capital, and Mirana Ventures.
The company provides backend systems for payment companies and banks, covering stablecoin-based settlement, liquidity management, and treasury operations, without requiring clients to replace their existing infrastructure.
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