Velocity, a London-based fintech startup building infrastructure to bridge traditional payments and stablecoins, has closed a $38 million Series A funding round. The raise, led in part by crypto venture firm Dragonfly, signals growing investor appetite for the plumbing that connects old-school finance to dollar-pegged digital tokens.
The money trail and who’s writing the checks
Velocity’s fundraising trajectory has been aggressive. The company raised a $10 million pre-seed round in May 2025, led by Activant Capital with strategic participation from Stripe, Worldpay, Visa, Circle, and Google. Within five months of launching, the startup secured an additional $18 million. Now, this $38 million Series A adds another substantial layer of capital to fuel product development and market expansion.
The investor list includes Stripe, Worldpay, Visa, Circle, PayPal, and Google.
Dragonfly general partner Rob Hadick framed the opportunity in blunt terms.
