VelaFi
VelaFi is a stablecoin-powered cross-border payment infrastructure platform connecting LATAM local banking rails (SPEI, PIX, PSE), global transfer networks and major stablecoin protocols to deliver on/off-ramps, pay-ins, pay-outs and treasury services for 1,000+ institutional clients across 200+ countries.
- Company typePrivate
- Founded2020
- HeadquartersMexico City, Mexico
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What VelaFi does
VelaFi is a stablecoin-powered cross-border payment infrastructure platform founded in 2020 under Dallas-based holding company Galactic Holdings, with operational roots in Mexico City (entity Nebula Network S.A. de C.V.). The company connects local LATAM real-time payment rails (SPEI in Mexico, PIX in Brazil, PSE in Colombia, CVU in Argentina, Bre-B and Nequi in Colombia, Yape and CCI in Peru) and global transfer networks to major stablecoin protocols (USDT, USDC, EURC) plus local-currency stablecoins (MXNB, BRL1, COPM) issued for Mexico, Brazil and Colombia respectively. Its modular product suite covers on/off-ramps, LATAM pay-in and pay-out, global payments with USDC settlement, stablecoin payments for commerce, global treasury management and mass payouts, all accessible through a unified dashboard and a developer-first REST API with webhooks and sandbox. Underlying infrastructure is anchored by Fireblocks MPC custody, Beosin KYT real-time AML monitoring, Circle Payments Network membership for institutional USDC/EURC settlement, and SOC 2 Type II and ISO 27001 certifications, with stated operating reach across 200+ countries and 1,000+ institutional clients and billions of dollars in cumulative payment volume.
The business model is primarily transaction-based: VelaFi earns a combination of cross-border payment transaction fees, FX spreads between stablecoins and local fiat (MXN, BRL, COP, PEN), on/off-ramp service and network/channel fees for SPEI/PIX/PSE clearing, and recurring revenue from enterprise API and platform access. Pricing is quote-based and negotiated directly with the sales team rather than publicly disclosed, with full fee disclosure comprising service fee plus FX spread plus network/channel fee plus local clearing or account entry fees. Go-to-market is API-first enterprise sales complemented by a self-service dashboard, supported by a curated partner channel (Nilos, Fireblocks, Circle, Beosin, KUN, Noah, PayDD, Supefina, Minteo, Global Dollar Network). Target customer segments span cross-border e-commerce and marketplaces, international trade and manufacturing (especially Asia-LATAM corridors), global payroll and gig-economy platforms, enterprise treasury and finance teams, and fintech and Web3 companies requiring regulated stablecoin infrastructure.
VelaFi raised a $20 million Series B in January 2026 co-led by XVC and Ikuyo with participation from Alibaba Investment, BAI Capital and Planetree, bringing total funding to over $40 million. In 2025–2026 the company entered Japan via the Stablecoin Settlement Association, extended corridors into EU/UK/Africa/Middle East through Nilos, integrated USDG via the Global Dollar Network, achieved SOC 2 Type II compliance and ISO 27001 certification, and refreshed its brand identity. Headcount is reported at 11–50 employees, and the company operates through 6+ regulated entities across the US, Mexico, Argentina and additional jurisdictions.
VelaFi firmographics
Firmographics- Name
- VelaFi
- Legal name
- VelaFi
- Website
- https://velafi.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- VelaFi is a stablecoin-powered cross-border payment infrastructure platform connecting LATAM local banking rails (SPEI, PIX, PSE), global transfer networks and major stablecoin protocols to deliver on/off-ramps, pay-ins, pay-outs and treasury services for 1,000+ institutional clients across 200+ countries.
- Ownership category
- akta.pro rank
VelaFi industry classification
Industry- Product category
- Cross-Border Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)
Keywords
Where VelaFi is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Offices2 records
Markets served
VelaFi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Cross-border Payment Transaction Fees: Revenue generated from processing cross-border stablecoin payments and settlements across LATAM, US, and Asia corridors. Fees likely apply per transaction based on volume and corridor.
- FX Spread / Conversion Fees: Revenue from foreign exchange conversion between stablecoins and local currencies. Spreads applied on conversion between USDT/USDC and MXN, BRL, COP, PEN and other LATAM currencies.
- API / Platform Access: Revenue from enterprise API integrations and platform access for on/off ramps, treasury management, and settlement services. Enterprise clients access services via dashboard or API.
- On/Off Ramp Fees: Fees for converting between fiat and stablecoins and vice versa, including service fees, FX spreads, and network/channel fees for SPEI, PIX, PSE local clearing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise custom pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
VelaFi product offering
Product offeringCore offering
VelaFi operates a unified, stablecoin-powered financial infrastructure platform that connects local banking rails (SPEI, PIX, PSE, CVU), global transfer networks, and major stablecoin protocols (USDT, USDC, EURC, MXNB, BRL1, COPM) to deliver cross-border payments, fiat-to-stablecoin on/off ramps, multi-currency accounts, FX services, treasury management, and institutional custody. Capabilities are exposed via a unified web dashboard and a developer-first REST API with webhook support, targeting enterprise and institutional clients across LATAM, the U.S., and Asia.
Product overview
VelaFi is a modular, stablecoin-powered financial infrastructure platform operating as a platform-plus-modules architecture. The core VelaFi Platform provides the unified infrastructure connecting local banking rails, global transfers, and major stablecoin networks. The product suite is organized around distinct functional modules: On/Off Ramp for fiat-to-stablecoin conversion supporting USDC, USDT, EURC, MXNB, BRL1, COPM across TRC20/ERC20/Solana/Polygon networks; LATAM Pay-in/Pay-out for local alternative payment methods (SPEI, PIX, PSE, CVU, Bre-B, Nequi, Yape, CCI); Global Payment for cross-border transfers settled via USDC on blockchain to 200+ countries; Stablecoin Payments for merchant collection and wallet management; Mass Payout for bulk disbursements; and Global Treasury Management for multi-currency treasury operations. All capabilities are accessible via the unified dashboard or through the VelaFi REST API with webhook support for real-time events.
Differentiator
Problem solved
Functional benefit
Products and services
- VelaFi Platform
Quantifiable outcome
- 80% lower payment costs vs traditional cross-border wires
- +6 more outcomes
Companies that use VelaFi
Customer profileSegments5 records
Ideal customer profiles5 records
VelaFi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration21 records
Feature11 records
VelaFi partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and regional.
- NiloscoreVelaFi and Nilos connected payment corridors across Europe, LATAM, Asia, and the US through regulated infrastructure at both ends of transactions. Through Nilos, VelaFi clients gain regulated access to EU/UK corridors, live payouts in African and Middle Eastern markets, and USD clearing through SWIFT and direct rails worldwide. Particularly relevant for fintechs managing multi-currency flows, import/export merchants, and global corporates streamlining treasury.
- FireblockscoreStrategic integration with Fireblocks (securing $4T+ in digital asset transfers annually) to strengthen institutional digital asset custody infrastructure across LATAM, Asia, and US. Fireblocks MPC-based custody technology and 150+ blockchain network underpins VelaFi's security framework. Same custody standard used by BNY, Revolut, and Worldpay embedded in VelaFi's cross-border payment operations.
- Global Dollar Network (GDN)coreVelaFi joined the Global Dollar Network as a member, integrating USDG (Global Dollar stablecoin issued by Paxos) as a settlement option for its 1,000+ institutional clients operating across the Asia-LATAM-US corridor. USDG is regulated by MAS (Singapore) and FIN-FSA (Finland/MiCA compliant).
- BeosincoreStrategic partnership to build compliant stablecoin payment system. VelaFi integrates Beosin KYT (AML/CFT analysis platform providing 24/7 real-time transaction monitoring) into its payment system. Combined with Beosin's blockchain security expertise and AML compliance analytics, the collaboration aims to construct a compliant, secure, and efficient stablecoin payment ecosystem.
- Circle Payments Network (CPN)coreVelaFi joined Circle Payments Network, strengthening its ability to offer programmable infrastructure for near-instant, cross-border USDC and EURC settlement while maintaining full connectivity to domestic payment systems. Integration enables enterprise-grade, near-instant settlement through regulated stablecoins, reflecting shared commitment to trust, interoperability, and compliance.
- Stablecoin Settlement Association (Ikuyo Co., Ltd.)coreVelaFi entered Japan as co-organizer of the Stablecoin Settlement Association, an initiative led by Tokyo-listed Ikuyo Co., Ltd. to modernize Japan's trade finance system. The association brings together financial institutions, exporters, and fintech providers to develop standardized, blockchain-based settlement infrastructure. VelaFi contributes technical expertise and international best practices in stablecoin-powered global payments.
- MinteocoreStrategic alliance combining VelaFi's international infrastructure with Minteo's COPM stablecoin (1:1 backed by Colombian pesos held in regulated banks, audited monthly). Enables efficient and secure access to Colombian peso liquidity for VelaFi clients. Minteo contributes its COPM stablecoin and distribution network used by dozens of companies in Colombia, enabling faster, safer transactions between LATAM and Asia.
- Supefina PaymentsregionalAlliance for local pay-in and pay-out solution in Peru through single API integration. Connects incoming and outgoing payments in Peruvian soles (PEN). Supefina contributes access to Peruvian financial ecosystem with automatic reconciliation, unique payment addresses, and real-time transaction confirmation. Optimized for e-commerce platforms, mobile applications, and customized payment systems.
- PayDDcorePartnership to launch one-stop LATAM cross-border payroll solution. PayDD manages upstream orchestration (payroll instructions, compliance/KYC/AML, FX strategy, rate locking) while VelaFi handles execution layer (clearing and settlement across LATAM via SPEI, PIX, PSE). Offers unified, compliant, efficient payroll for LATAM employees, freelancers, vendors with same-day T+0 disbursement capability.
- KUNcoreStrategic partnership to launch Asia-LATAM stablecoin payment solution. Leverages both companies' regulatory licensing frameworks and stablecoin payment capabilities in LATAM and Asian markets. Jointly builds secure, compliant, sustainable cross-border capital flow channel connecting financial networks of the two continents. KUN provides licensing in Hong Kong, Singapore, and Europe plus payment infrastructure; VelaFi provides LATAM coverage.
- NoahcorePartnership to expand access to virtual USD and EUR accounts with real-time stablecoin settlement. VelaFi's institutional clients gain direct access to 70+ international payment corridors powered by Noah's global infrastructure. Noah deepens reach into LATAM through VelaFi's compliant infrastructure and enterprise client base. Covers Mexico, Argentina, Brazil, Colombia.
Scale indicators12 records
Recent moves6 records
Expansion highlights7 records
VelaFi competitors and assessment
Company assessmentDirect peers
- Bitso: Bitso is a LATAM-focused crypto exchange and payments platform operating across Mexico, Brazil, Argentina, and Colombia. It offers stablecoin on/off ramps, cross-border payments, and treasury services with local rail integration (SPEI, PIX), making it the most directly comparable competitor to VelaFi in the LATAM stablecoin payments space.
- Rain: Rain is a stablecoin-powered payments platform focused on emerging markets, offering API-based on/off ramps and cross-border settlement. It is also a VelaFi partner (Stablecon Roadshow co-host) and competes head-to-head for institutional clients operating in LATAM and the Middle East.
- Yellow Card: Yellow Card provides stablecoin on/off ramps, payments, and treasury services across more than 20 African countries and is expanding into LATAM. Its emerging-market focus, API-first model, and corridor-by-corridor local rail integrations are closely aligned with VelaFi's go-to-market approach.
- Conduit: Conduit is a stablecoin payments platform offering on/off ramp and cross-border settlement services for businesses, with API-first architecture similar to VelaFi. It targets emerging markets and competes directly for institutional and fintech clients seeking stablecoin-powered payment rails.
- BitPay: BitPay is a long-standing crypto payment processor offering merchants and businesses stablecoin on/off ramps, cross-border payments, and invoicing. It targets global B2B use cases overlapping with VelaFi's enterprise and e-commerce segments.
- Ripio: Ripio is a LATAM crypto fintech operating across Argentina, Brazil, Mexico, and Uruguay, offering crypto on/off ramps, payments, and lending. Its regional focus, stablecoin products, and B2B payment ambitions make it a direct comparable to VelaFi in core LATAM corridors.
Broad incumbents
- dLocal: dLocal is a public, LATAM-focused cross-border payment processor serving global merchants with local pay-in/pay-out across 40+ countries including Mexico, Brazil, Argentina, and Colombia. While it operates on traditional rails, its corridor coverage and enterprise client base overlap directly with VelaFi's core market.
- Bridge (Stripe): Bridge, acquired by Stripe in 2024, provides stablecoin API infrastructure for businesses to send, receive, and convert stablecoins. As part of Stripe, it now has the balance sheet and distribution to compete aggressively with VelaFi's API-first stablecoin payments offering in LATAM and globally.
- Circle: Circle issues USDC and EURC and operates the Circle Payments Network, of which VelaFi is a member. While a key partner, Circle is also expanding its own settlement and treasury product set that could overlap with VelaFi's enterprise offering over time.
Emerging players
- MoonPay: MoonPay provides fiat-to-crypto on/off ramp infrastructure and is expanding into B2B payments via its enterprise API. While primarily retail-focused, its growing institutional offering and emerging-market expansion overlap with VelaFi's API-first stablecoin strategy.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
VelaFi social profiles
Digital presenceVelaFi compliance and trust
Trust signalCompliance3 records
VelaFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
VelaFi leadership team
Management profileNumber of profiles
Profiles3 records
VelaFi funding detail
Funding detailFunding overview
Funding rounds6 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VelaFi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VelaFi
What does VelaFi do?
VelaFi operates a unified, stablecoin-powered financial infrastructure platform that connects local banking rails (SPEI, PIX, PSE, CVU), global transfer networks, and major stablecoin protocols (USDT, USDC, EURC, MXNB, BRL1, COPM) to deliver cross-border payments, fiat-to-stablecoin on/off ramps, multi-currency accounts, FX services, treasury management, and institutional custody. Capabilities are exposed via a unified web dashboard and a developer-first REST API with webhook support, targeting enterprise and institutional clients across LATAM, the U.S., and Asia.
Is VelaFi a public or private company?
VelaFi is a private company. It is classified as venture growth investor backed and is currently operating.
When was VelaFi founded?
VelaFi was founded in 2020. It employs 51 to 100 people.
Where is VelaFi based?
VelaFi is headquartered in Mexico City, Mexico, in the Latin America region.
How does VelaFi make money?
Four revenue lines are on record. Cross-border Payment Transaction Fees are the primary driver. The others are FX Spread / Conversion Fees, API / Platform Access and on/Off Ramp Fees.
Who are VelaFi's main competitors?
Direct peers on record are Bitso, Rain, Yellow Card, Conduit, BitPay and Ripio. Broad incumbents are dLocal, Bridge (Stripe) and Circle. MoonPay is listed as an emerging player.
Does VelaFi have an API?
Yes. Low-latency, high-throughput REST APIs for payments, on-ramps, and off-ramps. Webhooks for real-time transaction events. Clear documentation and Sandbox for instant integration. Developer documentation is at docs.velafi.com.
What industry is VelaFi in?
VelaFi's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6199.