Velafi has announced a new round of capital has been secured according to a press release.
The company primarily focused in improving the stablecoin fintech and banking rails in the LATAM region will be using the $20M in series B funding to double down on creating new financial corridors, as well as supporting their operations overseas.
This round was led XVC, IKUYO and included Alibaba, Planetree, BAI Capital and others.
Co-founder and CEO Maggie Wu expressed:
We are building the next generation of global payment infrastructure, one that is instant, transparent, and regulatory-first. This investment accelerates our global expansion from Latin America into the United States and Asia.
The types of stablecoin services offered to B2B and enterprise clients vary from compliance and security operations for all crypto assets, a front-end UI stablecoin converter, and easy-to-use APIs for monitoring and controlling the flow of stablecoin funds internationally.
The new year has only now started and already companies are announcing their new venture deals, although the majority of those announced in Q1 were probably already in development prior to the Christmas period as global stablecoin adoption increased.
