Velocity raises $38M Series A for stablecoin platform

A London-based financial technology startup, Velocity, has raised $38 million in a Series A funding round to expand its software platform that helps businesses integrate stablecoins into their payment and treasury operations. The funding round, announced on July 14, 2026, was led by the venture capital firm Dragonfly and included participation from FirstMark, Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple.

The company, founded in 2025, develops infrastructure designed to bridge traditional banking systems with stablecoin networks. Its flagship product is a Stablecoin Payment Account, a platform that allows enterprises to manage capital across banks and blockchains from a single interface. The software targets enterprise finance teams, payment providers, fintech firms, and financial institutions, aiming to simplify the use of stablecoins for cross-border settlement and treasury management.

Velocity plans to use the new capital to expand its banking and payments network, develop new products, and strengthen its regulatory and compliance capabilities. Specific expansion plans include obtaining licenses to operate in Africa...