When was Velo founded?

Velo was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Velo located?

Velo is headquartered in Bangkok, Thailand. It is registered at 345 9th st. suite 202san franciscoCA.

How many employees does Velo have?

As of Jul 01, 2024, the latest employee count at Velo is 23.

Is Velo a funded company?

Velo is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a $***** ICO round, raised on Sep 16, 2020.

When was the latest funding round of Velo?

Velo's latest funding was a $***** Series A round on Jun 26, 2023, with participation from 1 investor.

Where does Velo rank among its competitors?

Velo ranks 5th amongst 88 active competitors, of which 13 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Velo, which secured $10M in Jun, 2023.

Who are the top competitors of Velo?

Velo's top competitors include Skrill, Bitwage and AZA Finance. Among them, Velo secured the most recent funding round in June, 2023.

Velo - 2026 Company Profile, Funding & Competitors

Company Details

Velo provides is a blockchain-based payment solution. It provides decentralized remittance settlement network-based on Stellar blockchain protocol. It provides its own utility token that is used for transactions.

Website: www.velo.org/
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Registered Address: 345 9th st. suite 202san franciscoCA

Key Metrics

Founded Year

2019

Location

Bangkok, Thailand

Stage

Series A

Total Funding

$10M in 2 rounds

Latest Funding Round

Series A, Jun 26, 2023, $*****

Investors

DWF Labs & 2 more

Ranked

5^th among 88 active competitors

Employee Count

23 as on Jul 01, 2024

Similar Companies

Skrill & 181 more

View Velo's full profile

Velo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Velo Labs, Inc. CIN: 0001607300 , United States, Active	Jan 29, 2013	$382K (As on Dec 31, 2021)	-	-

Velo has raised a total funding of $10M over 2 rounds. Its first funding round was on Sep 16, 2020. Its latest funding round was a Series A round on Jun 26, 2023 for $*****. 1 investor participated in its latest round. Velo has 3 institutional investors.

Here is the list of recent funding rounds of Velo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 26, 2023	4422309	Series A	7881552	2640515	7738509	7552170
Sep 16, 2020	6746183	ICO	2083605	5015814	9827645	9753459

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Velo's employee count trend

Velo has 23 employees as of Jul 24. Here is Velo's employee count trend over the years:

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Top competitors of Velo include Skrill, Bitwage and AZA Finance. Here is the list of Top 10 competitors of Velo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Skrill 2001, London (United Kingdom), Acquired	Provider of digital wallet services for online payments and money transfers	-	Daniel Gutenberg, Gatcombe Park Ventures & 2 others	69/100
2nd	Bitwage 2013, San Francisco (United States), Acquired	Payroll and invoicing solutions for cryptocurrencies	$2.26M	Draper, BnkToTheFuture & 10 others	66/100
3rd	AZA Finance 2013, London (United Kingdom), Series C	Software for cross-border remittance and forex management	$41.8M	Greycroft, Pantera Capital & 23 others	63/100
4th	Colu 2014, Tel Aviv (Israel), Acquired	Developer of a platform for cities to engage with residents	$26.6M	Spark Capital, Aleph & 8 others	54/100
5th	Velo 2019, Bangkok (Thailand), Series A	Blockchain-based payment solution	$10M	Signum Capital, DWF Labs & 1 others	53/100
6th	Metal Pay 2016, San Francisco (United States), Seed	Blockchain-based remittance solution with an own reward native currency	-	Westlabs, Goldfingr & 2 others	52/100
7th	Everex 2016, Singapore (Singapore), Seed	Blockchain-based microfinance and remittance platform	$500K	Bangkok Bank InnoHub, BlockVentures Capital ... & 2 others	51/100
8th	Mixin 2013, Brighton (United Kingdom), Funding Raised	Decentralized P2P transaction network	-	Blockchain R&I, Longmen & 1 others	46/100
9th	Tezos Foundation 2017, Zug (Switzerland), Funding Raised	Decentralized protocol layer empowering the social and economic innovations	-	Vc.Ventures, Enabling Future	45/100
10th	ARYZE 2017, Copenhagen (Denmark), Seed	Payment infrastructure for money transfer solutions	$1.6M	Keystones, Venturecup	44/100