Crypto
VelaFi stablecoin payment platform raises $20 million in Series B
Stablecoin-based financial infrastructure company VelaFi has raised $20 million in a Series B investment round, Cointelegraph reported on Sunday. Founded in 2020, VelaFi has built payment infrastructure linking local banking systems, global remittance networks and stablecoin protocols. The company plans to use the funding to expand in the United States and Asia, obtain licenses and speed development of cross-border payment and settlement infrastructure, while stepping up its push into Japan.
