# Velo Labs: Information technology & services, Road Town, British Virgin Islands

> Velo Labs: Velo Labs is a blockchain-based financial technology company founded in 2018, headquartered in Road Town, British Virgin Islands.

Source: https://millionrounds.com/startup/velo-labs (Millionrounds; every figure on the page links to its filing or article)

British Virgin Islands · [Information technology & services startup](https://millionrounds.com/companies)

# Velo Labs

Velo Labs is a blockchain-based financial technology company founded in 2018, headquartered in Road Town, British Virgin Islands.

Funding reported Last round: Undisclosed round

Information technology & services Road Town, British Virgin Islands

Company summary

- **Founded:** 2020 6 years old
- **Team:** 13 11 to 50 people
- **Funding reported:** 10M as listed, currency not stated
- **Last round:** Undisclosed round Jun 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Velo Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Velo Labs

Velo Labs is a blockchain-based financial technology company founded in 2018, headquartered in Road Town, British Virgin Islands.

The company operates a decentralized payments network that facilitates digital credit issuance and borderless asset transfers for businesses. Velo Labs is supported by notable investors, including the Stellar Network and Thailand’s CP Group. The company has developed a Federated Credit Exchange Network powered by the Velo Protocol, which connects banks, businesses, and emerging markets. Its ecosystem includes several components such as the Velo Protocol for issuing collateral-backed digital credits, the USDV stablecoin for retail transactions, and various products like Quantum, a remittance network, and Universe, a decentralized exchange. Velo Labs primarily serves businesses, financial institutions, and individuals seeking decentralized financial solutions, with a focus on enhancing financial inclusivity and enabling faster, cheaper transactions globally.

## What company datasets say Velo Labs raised

Funding, as reported

Reported in all **10M** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round size **10M**

Last round date **Jun 2023**

Investors listed **2**

## Founders and team

From Velo Labs's own website: 1 founder, 1 on the team.

**Jed McCaleb** Co-founder, Stellar Development Foundation

- **Korapat Arunanondchai** Chief Operating Officer

## The company, in detail

What they build

Known for

information technology & services it services & it consulting

Built with from their website

Atlassian Google Workspace CloudFlare Atlassian Cloud Google Meet CloudFlare CDN Cloudflare DNS GoDaddy Domains Amazon AWS Mailchimp Mandrill

+4 more

Microsoft 365 GoDaddy Hosting Google Search Console Gmail

- **Sector:** Information technology & services
- **Industry code:** NAICS 522320, 513210
- **Region:** Tortola
- **Part of:** EvryNet
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/velo-labs)

## Information technology & services in British Virgin Islands

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- [**1inch Network** Road Town · founded 2020](https://millionrounds.com/startup/1inch-network)
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- [**Nibiru** Road Town · founded 2022](https://millionrounds.com/startup/nibiru-2)
- [**Dimitra Technology** Belize City · founded 2019](https://millionrounds.com/startup/dimitra-technology)
- [**Zeebu** founded 2023](https://millionrounds.com/startup/zeebu)
- [**Vitreus** Road Town · founded 2023](https://millionrounds.com/startup/vitreus)
- [**Bazaars** Road Town · founded 2022](https://millionrounds.com/startup/bazaars)

## Is this your company?

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