TL;DR:
- Velocity raised $10 million from Visa Ventures, Circle Ventures, Ripple and global investors, extending its Series A to $48 million at a $200 million valuation.
- The company builds infrastructure that lets banks and payment firms use stablecoins for settlement, liquidity and treasury operations without replacing payment systems.
- Velocity expects stablecoins to power back-end funding and settlement as corporate onchain balances create demand for reconciliation and treasury infrastructure.
Stablecoin payments startup Velocity has raised an additional $10 million from investors including Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital and Mirana Ventures, extending its Series A to $48 million. The financing values the London-based company at $200 million post-money, according to CEO Eric Queathem. The fresh backing places major payments and crypto firms behind infrastructure designed to move settlement and treasury activity onto stablecoin rails. The extension follows a $38 million Series A announced in July, which Queathem said had been oversubscribed, signaling appetite for payment infrastructure.
Velocity is building technology that allows companies and banks to use stablecoins for settlement, liquidity and treasury operations without replacing the systems they already run. Queathem, previously at Worldpay, said consumer payment experiences have improved while the infrastructure moving money among issuers, card networks, acquirers and merchants remains cumbersome. Velocity’s proposition is that stablecoins can modernize the back end without forcing businesses to abandon familiar payment products. The company is targeting the operational layer beneath transactions, where reconciliation, funding and cross-border money movement still create friction despite years of investment.
Visa, Circle and Ripple Back Stablecoin Payment Infrastructure
Visa’s participation is notable because Velocity does not expect stablecoins to replace cards. Instead, the company sees blockchain-based money moving beneath existing payment experiences, handling more of the funding and settlement that occurs behind the scenes. That model makes stablecoins an invisible infrastructure upgrade rather than a consumer product requiring users to adopt new wallets. Velocity Chief Growth Officer Matt Larson said customers may continue using familiar interfaces while funding and settlement around card networks increasingly migrate toward stablecoin-based systems, creating a bridge between conventional payments and blockchain rails without disrupting the front end.
The investment arrives as stablecoins exceed $300 billion in circulation and increasingly support payments, cross-border transfers and corporate treasury activity. Queathem expects global businesses to eventually keep at least some capital onchain, which would increase demand for reconciliation, treasury management and infrastructure connecting blockchain assets with existing financial systems. The larger opportunity extends well beyond moving dollars into and out of stablecoins, because corporate onchain balances would create new requirements. With its Series A now at $48 million and a $200 million valuation, Velocity is positioning itself to build that connective layer as institutions move into blockchain-based settlement.
