Velocity, a new fintech startup from Volt.io co-founder Tom Greenwood has emerged from stealth with a $10m (£7.4m) pre-seed funding round.
Velocity aims to bridge the gap for businesses between traditional and digital assets with a platform to manage transactions made with both fiat currency and stablecoins.
The Velocity stablecoin payment account will allow businesses to manage purchases using cryptoassets without requiring multiple payments systems.
“This isn’t about replacing the old with the new; it’s about intelligently integrating both,” said Greenwood.
“We’re not chasing crypto hype — we’re leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.”
Greenwood, chief executive of Velocity, founded the company alongside Eric Queathem, a fintech veteran who spent almost a decade at cross-border payments firm Worldpay.
“We’ve experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds,” Queathem added.
“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.”
The funding round was led by Activant Capital and included participation from Fuel Ventures Triton Capital, Fabric Ventures, Commerce Ventures, Digital Space Ventures and Preface Ventures.
“Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this.
“We have shared this vision for years, and now is the time to bring it to life,” said Andrew Steele, a partner at Activant Capital.
“Velocity isn’t just solving cross-border payments, it is rethinking how enterprises manage FX, liquidity, and treasury through stablecoin infrastructure.”
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