PANews reported on January 12 that VelaFi, a Latin American stablecoin payment infrastructure company, announced the completion of a $20 million Series B funding round, led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, and BAI Capital, bringing its total funding to over $40 million. The funds will be used to expand compliance, banking connectivity, and operations in the US and Asia. VelaFi has processed billions of dollars in transactions for hundreds of enterprise clients, providing stablecoin solutions including cross-border payments, multi-currency accounts, and asset management.
Latin American stablecoin payment company VelaFi completes $20 million Series B funding round, with Alibaba participating.
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