CryptoTechmemeabout 1 hour ago
Velocity raises $38M Series A for stablecoin platform
1 min read
London-based startup Velocity raised $38 million in Series A funding led by Dragonfly and Firstmark, with participation from Coinbase, Capital One Ventures, QED Investors, Activant Capital, Ripple, and Wintermute. Founded in 2025, the company helps payment providers and financial institutions integrate stablecoins for cross-border settlements. It plans to use the capital to expand into Africa and Latin America and develop yield-generating stablecoin products.
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