Valar leads Velocity’s $10.3 million seed round

Fintech startup Velocity has raised $10.3 million in seed funding led by Peter Thiel-backed Valar Ventures, a US-based VC firm that specialises in funding early stage fintechs.

The Bengaluru-based revenue finance player will utilise the funds to ramp up its customer base and expand its product suites to enterprise customers, the company said in a statement.