About Velo
Velo is a company based in Bangkok (Thailand) founded in 2019. Velo has raised $10 million across 2 funding rounds from investors including DWF Labs. Velo operates in a competitive market with competitors including Skrill, AZA Finance, Colu, Metal Pay and Everex, among others.
- Headquarter Bangkok, Thailand
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Sectors
Financial Services
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Phone
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Website
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Social
Locked
- Legal Name Velo Labs, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 26, 2023
- Investors
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Employee Count
Not available
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People of Velo
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Advisor Team
5 people
Vice Team
2 people
Chairman Team
1 people
Leadership Team
1 people
Legal and Compliance
1 people
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Funding Insights of Velo
Velo has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in June 2023. 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.
Investors in Velo
Velo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include DWF Labs.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in web3 technology startups
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Locked | Locked | Locked |
Investor details for Velo
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Investments & Acquisitions by Velo
Investment portfolio details for Velo
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Financial Statements - Velo
Detailed financials for Velo
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Velo Comparisons
Peer comparison for Velo
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Competitors of Velo
Velo 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 Skrill, AZA Finance, Colu, Metal Pay and Everex, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online payments and digital wallet services are facilitated internationally.
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Software for cross-border remittances and forex management is provided.
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Decentralized payments for local communities are enabled via blockchain infrastructure.
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| Locked | Locked | Locked |
Blockchain remittances are enabled with METAL reward currency.
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| Locked | Locked | Locked |
Blockchain-based microfinance and remittance services are facilitated globally.
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| Locked | Locked | Locked |
Decentralized P2P transaction network
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Detailed competitors of Velo
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Latest news on Velo
Complete news archive for Velo
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Frequently Asked Questions about Velo
Velo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Velo is headquartered in Bangkok, Thailand.
Suvicha S is the current CEO of Velo.
Velo is a funded company, having raised a total of $10M across 2 funding rounds to date.
Velo was founded in 2019 in Bangkok, Thailand, within the blockchain and fintech sector. A decentralized network for remittance settlements is operated, built on the Stellar protocol. Payments and cross-border transfers are facilitated through this infrastructure. An utility token is issued by the company to support transaction processing and liquidity. Core activities focus on secure, efficient financial flows in emerging markets.
Velo's top competitors include Skrill, AZA Finance and Metal Pay.
Velo has 1 investor. Key investors include DWF Labs.