Company Information

Get to know Velo Payments

Velo Payments is a financial technology company specializing in global mass payouts and cross-border payment solutions for businesses. As a part of Convera (formerly Western Union Business Solutions), Velo leverages a vast global financial network to simplify the complexities of international payments. The company's mission is to empower businesses, particularly marketplaces, e-commerce platforms, and companies in the gig economy, to pay their global workforce and suppliers efficiently and in their local currency. Velo's platform integrates via API or a web portal, offering features like transparent FX rates, multi-currency wallets, and robust compliance and security protocols.

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Financial PSP GatewayPRIMARY
Financial Other Service

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Velo Payments

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.