Velocity emerges from stealth with $10m to power stablecoin platform

By Gloria Methri

UK-based FinTech startup Velocity has emerged from stealth mode with a $10 million pre-seed funding round, aiming to modernise global payment infrastructure for enterprises by integrating fiat and stablecoin capabilities into a single platform.

Led by Activant Capital, the funding round also drew support from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, Preface Ventures, and Digital Space Ventures. The startup is further backed by strategic investors, including senior executives from Stripe, Worldpay, Visa, Circle, PayPal, and Google, signalling strong confidence in Velocity’s mission to accelerate the global “velocity of money.”

Velocity addresses long-standing inefficiencies in financial systems that were not built for today’s multi-asset, global economy. Its flagship product, the Stablecoin Payment Account, is designed for enterprises seeking to streamline their capital movement and management across banks, blockchains, and borders. The platform enables users to manage fiat and stablecoin transactions in a single environment, avoiding the need for fragmented systems or custom integrations.

By combining the speed and programmability of stablecoins with the regulatory compliance and dependability of traditional finance, Velocity aims to solve key challenges in cross-border settlement, liquidity management, and treasury operations.

Tom Greenwood, co-founder and CEO of Velocity, said, “This isn’t about replacing the old with the new; it’s about intelligently integrating both. We are not chasing crypto hype — we are leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.”

Eric Queathem, co-founder and President, added, “We have experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds. Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world.”

With this launch, Velocity enters the market as part of a growing wave of infrastructure-focused FinTechs rethinking the architecture of business payments, especially for high-growth, multi-market enterprises.