VelaFi—a stablecoin-powered financial infrastructure platform that launched in July out of metro Dallas and Mexico City—has completed its $20 million Series B financing round. The round was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, existing shareholder BAI Capital, and other global investors.

The round brings VelaFi’s total funding to over $40 million, the platform said. VelaFi launched on July 1 as a rebranded evolution of TruBit Business, the B2B unit of Galactic Holdings. Galactic is the parent company of the global crypto platform TruBit, which has a strong presence in Latin America and a growing reach in the U.S. and Asia. TruBit’s broader operations were launched in 2020.

VelaFi says it has over 500 institutional global clients and a validated infrastructure, and positions itself as a mature platform built to operate “across complex and fragmented financial environments.” The company said it currently has active operations in Latin America, the U.S., Hong Kong, and Singapore.

The platform said it connects local banking rails, global transfers, and major stablecoin networks to enable “fast, compliant, and cost-efficient global money movement.”

Has processed ‘billions of dollars’ in payment volume

VelaFi said its platform provides enterprise-grade financial infrastructure, including on/off ramps, pay-ins and pay-outs, cross-border payments, and support for multi-currency operations, FX workflows, and secure asset management. These services are accessible either directly through Velafi’s platform or via API integrations.

To date, VelaFi says its has supported hundreds of enterprise clients and processed “billions of dollars in payment volume,” and is currently seeing “accelerating demand” across its service regions.

Maggie Wu, VelaFi’s co-founder and CEO, said the $20 million Series B raise “accelerates our global expansion from Latin America into the United States and Asia. These three regions collectively anchor a significant share of the world’s trade flows, capital movement, and enterprise activity.”

“We’re building the next generation of global payment infrastructure, one that is instant, transparent, and regulatory-first,” she added in a statement. “By strengthening our licensing footprint and deepening our connectivity across these critical economic corridors, we aim to build the unified settlement layer that modern global businesses urgently need but that traditional financial infrastructure has not been able to provide.”

VelaFi noted that global payment flows exceed $150 trillion each year, while stablecoins now support an estimated $25 trillion to $30 trillion in annual settlement volume across cross-border enterprises, global e-commerce, trade networks, and institutional financial flows.

VelaFi said it aims to help power the shift in global finance toward faster, more transparent, and more interoperable systems by delivering “compliant, scalable, and enterprise-grade stablecoin infrastructure that supports the future of global business.”

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