Cryptocurrency1h ago
Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple
AI EXECUTIVE SUMMARY
London-based payments infrastructure company Velocity has expanded its Series A funding round to $48 million, achieving a $200 million valuation. The latest capital injection includes investments from major financial and blockchain entities such as Visa, Circle, and Ripple.
WHY IT MATTERS
The involvement of prominent traditional and digital finance companies highlights growing institutional backing for cross-border payments infrastructure built on blockchain technology.
The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said.
This story was originally reported by CoinDesk. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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