Visa, Circle and Ripple Add $10M to Velocity’s Series A
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Velocity, a London company that builds stablecoin infrastructure, has added $10 million to its Series A, taking the round to $48 million. The extension values the firm at $200 million after the new capital, according to CEO Eric Queathem.
Visa Ventures, Circle Ventures, and Ripple joined the extension alongside Haun Ventures, Translink Capital, and Mirana Ventures. The money arrives only weeks after Velocity disclosed a $38 million Series A in July led by Dragonfly and FirstMark, a round Ripple had also backed.
Founded in 2025, the fintech company builds backend systems that let banks, payment processors, card issuers, acquirers, and merchants use stablecoins for settlement, liquidity management, and treasury work without abandoning the software and banking connections they already run. Queathem, who previously worked in payments at Worldpay, has argued that consumer-facing payments have improved much faster than the plumbing underneath them. Settlement, reconciliation, and cross-border money movement still depend on batch processes, prefunding, and limited banking hours. Velocity’s pitch is that regulated stablecoins can sit beneath those existing workflows, making money movement more continuous and cutting the idle cash companies park to fund payouts.
Visa’s participation stands out because the card network already sits at the center of global payments. Rubail Birwadkar, Visa’s global head of growth products and strategic partnerships, said stablecoins are becoming more important to how value moves across Visa’s ecosystem and that Velocity is helping speed adoption for customers and partners. The investment follows a recent Visa Direct pilot involving Velocity and MVB Financial that tests stablecoin-enabled funding and settlement for certain payouts.
Circle issues USDC, and Ripple has long focused on cross-border liquidity and settlement. Their appearance in the same round alongside Visa suggests large incumbents now view stablecoin rails as complementary infrastructure rather than a fringe experiment. Translink Capital brings links to corporate and institutional partners in Asia. Haun Ventures, which has backed other stablecoin infrastructure firms, describes Velocity as the next stage of that thesis, moving from faster transfers toward embedding digital dollars inside bank and treasury operations.
The combined $48 million will go toward expanding the platform and working more closely with issuers, acquirers, merchants, and financial institutions. Velocity presents itself as a connector rather than a replacement layer, letting institutions keep their current systems while using stablecoins for around-the-clock settlement and more efficient liquidity.
Whether the company can turn incumbent interest into durable infrastructure will depend on regulation, bank partnerships, and whether institutions actually shift settlement onto these rails. For now the investor list is the headline: a card network, a major stablecoin issuer, and a longtime crypto payments firm all placing the same bet.
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