UK stablecoin infrastructure startup Velocity has raised $10 million in an extension of its Series A funding round, bringing the total value of the round to $48 million.
The latest financing includes investments from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures. The extension follows Velocity’s original $38 million Series A announced in July 2026.
The Velocity stablecoin funding round adds several investors from both traditional payments and the digital asset sector. Visa’s participation is particularly notable as payments networks continue to explore how stablecoins can be used for settlement and other financial infrastructure.
“From day one, we have focused on improving how money moves through the payments ecosystem. These investors operate at the center of that ecosystem and will provide invaluable insight as we use stablecoins to transform the experience,” said Eric Queathem, founder and CEO of Velocity.
Velocity provides infrastructure that allows institutions and businesses to use stablecoins for payments settlement, liquidity and treasury operations without replacing their existing financial systems.
The company says its platform is designed to make money movement more continuous, reduce reliance on prefunding and enable settlement outside traditional banking hours. This is aimed at businesses that want to use stablecoins without having to build and manage a separate operational stack for wallets, custody, liquidity and settlement.
The company’s target customers include issuers, acquirers, payment providers, financial institutions and merchants.
The funding therefore comes as stablecoin infrastructure increasingly moves beyond the question of issuing or transferring digital tokens. For businesses, the operational challenge also involves connecting stablecoins with existing banking, treasury and payment systems.
FirstMark Capital, which co-led Velocity’s earlier $38 million Series A alongside Dragonfly, said the company is focused on reducing the operational burden associated with moving financial operations on-chain. It pointed to areas such as liquidity, foreign exchange, compliance and connections to existing banking and treasury infrastructure.
Visa Ventures is a new investor in Velocity through the latest extension. Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships, said stablecoins are becoming increasingly important to how value moves across the Visa ecosystem.
“Stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem, and companies like Velocity are helping accelerate adoption and unlock new opportunities for our customers and partners,” Birwadker explained.
Circle Ventures and Ripple also participated in the round. Both companies have existing interests in stablecoin and digital-asset payment infrastructure. Ripple was also an investor in Velocity’s original Series A.
Velocity has not disclosed how the additional $10 million will be allocated in detail. The company said the $48 million Series A will support continued expansion of its platform and work across the global payments and treasury ecosystem.
The financing adds another example of established payments and digital-asset companies investing in infrastructure designed to connect stablecoins with existing financial systems, rather than treating stablecoins as a standalone payment method.
