Singapore Crypto Platform Veera Raises $10m, Plans On-Chain Payments Card

Singapore-based crypto financial services platform Veera has secured $10 million in funding to support product development and expand its on-chain financial services. The capital came from investors like Sigma Capital, CMCC Titan Fund, and 6th Man Ventures according to reports.

The funding consists of a $4 million seed round and a $6 million pre-seed round, with notable participation from Ayon Capital and Reflexive Capital as detailed in coverage.

Veera launched its mobile-first platform in January 2025 and has surpassed 2 million downloads with over 220,000 monthly active users. It recently introduced a waitlist for its Veera Card, which allows users to spend on-chain assets globally according to the company.

Why Did Veera Secure This Funding?

Veera's funding round reflects growing investor interest in on-chain financial infrastructure. The company is positioning itself as a bridge between decentralized finance (DeFi) and real-world adoption by offering seamless cross-chain and multi-chain services as reported.

Sigma Capital and CMCC Titan Fund have shown confidence in Veera's ability to simplify complex DeFi operations for everyday users. Their investment suggests the market sees potential for platforms that unify DeFi products across chains and assets according to analysis.

Veera will use the $10 million to accelerate product development and expand its global reach. The platform supports self-custody wallets, and the Veera Card aims to bring on-chain assets into daily spending as the platform states.

The company's focus on usability is a strategic move to increase adoption. Features like one-click cross-chain swaps and multi-chain yields are designed to solve poor user experiences in the DeFi space according to coverage.

Veera is also building a financial operating system that integrates leading DeFi products into a single interface. This approach reduces the complexity of managing multiple dApps and blockchain platforms as described.

What's Next for Veera and On-Chain Financial Services?

Veera's next steps include scaling its platform and refining its on-chain spending solutions. The Veera Card is expected to be a key driver of user engagement by bridging the gap between digital assets and everyday commerce according to reports.

The broader DeFi space is seeing similar innovations, such as insured self-custody wallets from competitors like CryptSync. These developments indicate a trend toward user-friendly solutions that prioritize both security and ease of use as noted.

Veera's ability to grow its user base and maintain active engagement will be critical for long-term success. With 2 million downloads and over 200,000 monthly active users, the platform has demonstrated initial traction according to data.

As DeFi matures, platforms like Veera are likely to play a role in shaping how users interact with on-chain assets. Their success will depend on continued innovation, regulatory clarity, and user adoption as analysts observe.