About Velo Payments
Velo Payments is a company based in Sausalito (United States) founded in 2016.. Velo Payments has raised $12 million across 2 funding rounds. Velo Payments has completed 1 acquisition, including YapStone. Velo Payments offers products and services including Vacation Rent Payment and Holiday Rent Payment. Velo Payments operates in a competitive market with competitors including Flutterwave, Tipalti, Payoneer, Square and Airwallex, among others.
- Headquarter Sausalito, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Velo-Payments Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
$11.92 M (USD), Debt – Conventional
Oct 10, 2018
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Velo Payments
Velo Payments offers a comprehensive portfolio of products and services, including Vacation Rent Payment and Holiday Rent Payment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure platform for processing vacation rental transactions.
Efficient solution for holiday rental payments and management.
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Funding Insights of Velo Payments
Velo Payments has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $11.92 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $11.9M
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First Round
First Round
(28 Sep 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - Velo Payments | Valuation |
investors |
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| Sep, 2017 | Amount | Series A - Velo Payments | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Velo Payments
Velo Payments has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include YapStone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based payments processing for rent and recurring transactions is facilitated.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Velo Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Velo Payments Comparisons
Competitors of Velo Payments
Velo Payments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Tipalti, Payoneer, Square and Airwallex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Payment processing and treasury management solutions are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Velo Payments
Frequently Asked Questions about Velo Payments
When was Velo Payments founded?
Velo Payments was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Velo Payments located?
Velo Payments is headquartered in Sausalito, United States. It is registered at Sausalito, California, United States.
Is Velo Payments a funded company?
Velo Payments is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Sep 28, 2017.
What does Velo Payments do?
Velo Payments was founded in 2016 in Sausalito, United States, within the fintech sector. Blockchain technology is employed to deliver marketplace payments, cross-border transactions, and payout solutions. Transactions are tracked end-to-end with real-time reporting capabilities. Disbursements occur via methods such as bank transfers, eWallets, credit or debit cards, money orders, checks, and domestic schemes. Support is provided for multiple countries and currencies, including payouts for gig workers and check processing.
Who are the top competitors of Velo Payments?
Velo Payments's top competitors include Flutterwave, Payoneer and Airwallex.
What products or services does Velo Payments offer?
Velo Payments offers Vacation Rent Payment and Holiday Rent Payment.
How many acquisitions has Velo Payments made?
Velo Payments has made 1 acquisition, including YapStone.