Ripple Joins Visa and Circle in Backing Payments Infrastructure Firm Velocity at $200M Valuation
Velocity, a London-based payments infrastructure company, has extended its Series A funding round to $48 million at a $200 million valuation, with Ripple participating alongside Visa and Circle. The investment signals continued institutional appetite for payments infrastructure companies aligned with digital asset rails. Ripple's participation underscores its ongoing strategy of backing firms that complement its cross-border payments ecosystem.
Velocity, a London-based payments infrastructure firm, has closed an extension of its Series A funding round, bringing the total raised to $48 million. The company is now valued at $200 million, according to its CEO.
The round includes backing from major financial and crypto industry players, among them Visa, Circle, and Ripple. Ripple's participation continues a pattern of strategic investment in companies building payment infrastructure that aligns with its broader mission of enabling faster and more efficient value transfer.
The investment is notable for the caliber of co-investors involved, with Visa representing traditional card-network infrastructure and Circle bringing stablecoin and digital dollar expertise. Together, the investor group suggests Velocity is positioning itself at the intersection of traditional finance and digital asset payment rails.
For the XRP ecosystem, Ripple's involvement is a relevant data point in tracking how the company deploys capital beyond its core product and litigation activity. Strategic investments of this kind can expand the network of firms with an interest in XRP-adjacent payment infrastructure.
Key facts
- •Velocity's Series A extended to $48 million total
- •Company valued at $200 million
- •Ripple is a named investor in the round
- •Co-investors include Visa and Circle
- •Velocity is a London-based payments infrastructure firm