VelaFi raises $20 million in Series B to expand stablecoin payments infrastructure [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
The round also included participation from Alibaba Investment, Planetree, BAI Capital, and other global investors, bringing the company's total funding to more than $40 million. Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has since expanded into the U.S. and Asia. Its platform connects local banking rails, cross-border payment networks and major stablecoin protocols, allowing enterprises to move funds across markets more quickly and at lower cost than through traditional systems. The company offers on- and off-ramps, pay-ins and pay-outs, cross-border payments, multi-currency accounts, foreign exchange tools and asset management services, delivered through a direct platform or APIs. Stablecoins have emerged as a key tool in global payments, offering blockchain-based digital tokens designed to maintain a stable value and settle transactions in minutes rather than days. Once largely confined to crypto trading, they are increasingly used b
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BABA
Earnings
- 11/25/25 - Beat
BABA
Sec Filings
- 1/7/26 - Form 6-K
- 12/29/25 - Form 6-K
- 12/4/25 - Form 6-K
- BABA's page on the SEC website