# VelaFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/velafi

- Industry: Financial Services
- Headquarters: Plano, US
- Website: www.velafi.com
- Total disclosed funding: $26M
- Latest round: Series B (Jan 12, 2026)
- Investors on record: 8

## About

Based in the US, and founded in 2019, Galactic Holdings Inc., trading under the name VelaFi operates as a cryptocurrency company that provides a digital banking platform designed to provide full crypto services to individuals in LATAM (Latin America). The company was founded by its CEO, Maggie Wu. In January 2026, VelaFi raised USD 20 million in series B funding co-led by XVC and Ikuyo Co., Ltd., with participation from Alibaba Group, Planetree, BAI Capital and other unspecified investors.

The company offers complete digital finance with the vision to empower people in LATAM (Latin America) with comprehensive crypto services and an all-in-one series of digital crypto products, including a crypto wallet, TruBit Wallet, a crypto exchange, TruBit Pro, and a Mexican peso-pegged stablecoin, MMXN.

The company will use the January 2026 funding to accelerate its global expansion from Latin America into the United States and Asia and strengthen its licensing footprint and connectivity across key economic corridors.

## Funding rounds

- Series B, Jan 12, 2026, $20M — Alibaba Group, BAI Capital, XVC, Ikuyo Co., Ltd., Planetree
- Series A, Nov 7, 2023, $6.3M — Galaxy Asset Management, Dragonfly Capital, SHK

## Investors

- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- Dragonfly Capital — Series A
- SHK — Series A
- Alibaba Group — Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series B
- XVC — Series B
- Ikuyo Co., Ltd. — Series B
- Planetree (https://capitalatlas.ai/funds/planetree) — Series B