Ripple Joins Velocity, Targets Payment Back End With $10 Million Extension

London-based Velocity has raised an additional $10 million, extending its Series A to $48 million at a $200 million post-money valuation, with participation from Visa Ventures, Circle Ventures, and Ripple.

The fresh capital will fund infrastructure connecting stablecoins to existing payment networks, settlement systems, and corporate treasury operations.The extension follows a $38 million Series A announced in July, which CEO Eric Queathem said was oversubscribed.

Haun Ventures, Translink Capital, and Mirana Ventures also joined the extension round, pushing the total investor list well beyond typical crypto-native venture backers into strategic corporate money from a card network and a stablecoin issuer directly.

@velocityxyz_ has raised an additional $10 million, bringing our total Series A funding to $48 million.