Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple

# Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple

> Evidence tier: B1
> Evidence type: Independent CoinDesk funding report based on an interview with Velocity's CEO
> Source: [CoinDesk](https://www.coindesk.com/business/2026/09/10/velocity-extends-series-a-to-usd48m-at-usd200m-valuation-with-backing-from-visa-circle-and-ripple)
> Published: 2026-09-15
> Captured: 2026-09-15T12:37:20.073Z

## Source summary

CoinDesk reports that stablecoin-payments infrastructure company Velocity raised a further USD 10 million from investors including Visa Ventures, Circle Ventures, Haun Ventures and Ripple, extending a USD 38 million Series A announced in July to USD 48 million. CEO Eric Queathem said the investment valued the London company at USD 200 million post-money. Velocity says its platform is intended to let payment companies and banks use stablecoins for settlement, liquidity, reconciliation and treasury operations alongside existing payment systems.

## Why it matters

The financing adds capital and strategic investors to a company building the back-end connection between stablecoins and existing payment networks. It is a funding event, not proof that Visa, Circle or Ripple has deployed Velocity in production or that stablecoins have replaced card settlement. The USD 200 million figure is a post-money valuation, not the amount invested. CoinDesk reports no named customer, live corridor, supported currencies or chains, deployed volume, pricing, launch timetable, settlement-time comparison, liquidity saving or independently measured result.

## Key numbers

- **Series A extension:** USD 10 million
- **Total Series A:** USD 48 million
- **Reported post-money valuation:** USD 200 million
- **Worldpay annual payment volume cited as the CEO's prior operating context:** more than USD 2 trillion

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Velocity
- Web3 payments
- Cross-border payments
- Payment infrastructure
- Company intelligence

## Evidence and credibility note

Readable independent CoinDesk report based on an interview with Velocity's CEO. The USD 10 million extension, USD 48 million round total and USD 200 million post-money valuation are reported; customer adoption, deployment, volume, pricing and performance are not established.

Date evidence: CoinDesk JSON-LD records 2026-09-15T11:00:00.000Z and the visible article was current on September 15, 2026

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original CoinDesk report](https://www.coindesk.com/business/2026/09/10/velocity-extends-series-a-to-usd48m-at-usd200m-valuation-with-backing-from-visa-circle-and-ripple)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.