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
*********
- Legal Name Velo Labs, 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
$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
Employee Count
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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
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(16 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Velo | Valuation | DWF Labs |
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| Sep, 2020 | Amount | Token Sale - Velo | 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 |
Investors in Velo
Velo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include DWF Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in web3 technology startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Velo
| 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 |
Financial Statements - Velo
| 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 Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
Software for cross-border remittances and forex management is provided.
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| domain | founded_year | HQ Location |
Decentralized payments for local communities are enabled via blockchain infrastructure.
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| domain | founded_year | HQ Location |
Blockchain remittances are enabled with METAL reward currency.
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| domain | founded_year | HQ Location |
Blockchain-based microfinance and remittance services are facilitated globally.
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| domain | founded_year | HQ Location |
Decentralized P2P transaction network
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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
Frequently Asked Questions about Velo
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.
Who is the current CEO of Velo?
Suvicha S is the current CEO of Velo.
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 Token Sale of $2M, raised on Sep 16, 2020.
What does Velo do?
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.
Who are the top competitors of Velo?
Velo's top competitors include Skrill, AZA Finance and Metal Pay.
Who are Velo's investors?
Velo has 1 investor. Key investors include DWF Labs.
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