VelaFi Raises $20M to Scale Stablecoin Payments Globally

[cryptobro]

VelaFi, operating under Galactic Holdings, has raised $20 million in a Series B round to expand its enterprise payments and settlement services. The round was led by XVC and Ikuyo, bringing VelaFi’s total funding to more than $40 million.

Founded in 2020, VelaFi provides financial infrastructure that connects local banks, global payment rails, and stablecoin networks. Its platform and APIs support fiat on- and off-ramps, cross-border payments, FX workflows, and multi-currency treasury operations designed for businesses operating across borders.

[cryptoenthusiast]

velaFi doing rails + stables + banks feels like where this is all heading anyway