London-based Velocity has added $10 million to its Series A, bringing the round to $48 million after a group of traditional finance and crypto investors joined the raise. Visa Ventures, Circle Ventures and Ripple participated alongside Haun Ventures, Translink Capital and Mirana Ventures, according to the company’s announcement.
The extension values the firm at $200 million after the new capital, CEO Eric Queathem has said.
The capital injection arrives only weeks after Velocity disclosed a $38 million Series A in July, a round led by Dragonfly and FirstMark.
Ripple had already backed that earlier close.
The company, founded in 2025, is building backend systems that let banks, payment processors, card issuers, acquirers and merchants use stablecoins for settlement, liquidity management and treasury work without discarding the software and banking connections they already run.
Queathem, who previously worked in payments at Worldpay, has argued that consumer-facing payments have improved far faster than the plumbing behind them.
Settlement, reconciliation and moving money across borders and time zones still rely on batch processes, prefunding and limited banking hours.
Velocity’s pitch is that regulated stablecoins can sit underneath those existing workflows, making money movement more continuous and reducing the idle cash companies keep parked to fund payouts.
Visa’s involvement is notable 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 also follows a recent Visa Direct pilot involving Velocity and MVB Financial that tests stablecoin-enabled funding and settlement for certain payouts.
Circle Ventures and Ripple add two of the most prominent names in regulated digital dollars and institutional crypto payments.
Circle issues USDC; Ripple has long focused on cross-border liquidity and settlement.
Their joint appearance in the same round, together with Visa, signals that large incumbents now treat stablecoin rails as complementary infrastructure rather than a fringe experiment.
Translink Capital’s participation is framed as a link to corporate and institutional partners in Asia.
Haun Ventures, which previously backed other stablecoin infrastructure firms, described Velocity as the next stage of that thesis: moving from faster transfers toward embedding digital dollars inside bank and treasury operations.
Velocity says the combined $48 million will go toward expanding the platform and working more deeply with issuers, acquirers, merchants and financial institutions.
The company presents itself as a connector rather than a replacement layer: institutions keep their current systems while using stablecoins for around-the-clock settlement and more efficient liquidity.
That positioning has attracted both crypto-native capital and traditional payments investors in a short span of time.
The raise comes as stablecoins have grown from a trading tool into a practical instrument for corporate treasury and cross-border flows.
Whether or not Velocity can turn that interest into durable infrastructure will depend on regulation, bank partnerships and whether institutions actually shift settlement onto these rails. For now, the investor list itself is somewhat of the headline: a card network, a major stablecoin issuer and a longtime crypto payments firm are placing the same bet on the same company.