Financial infrastructure startup Velocity has announced a $10 million pre-seed funding round, led by Activant Capital, to develop its enterprise-grade platform for capital movement and management across traditional financial systems and digital assets. Additional investors include Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, and Preface Ventures. Strategic backers include executives from Stripe, Worldpay, Visa, Circle, PayPal, and Google.
Founded by Tom Greenwood (former founder of Volt and IFX) and Eric Queathem (former executive at Worldpay and McKinsey & Company), Velocity aims to simplify how businesses move, manage, and optimise funds across banks, blockchains, and international borders.
Velocity is addressing a key challenge in the evolution of financial technology: while stablecoin infrastructure has reached technical maturity, it has yet to be deployed at the scale and complexity required by large, regulated enterprises. The company’s platform is designed to bridge that gap by integrating legacy banking infrastructure with blockchain systems, offering a modular and programmable solution for cross-border settlement, liquidity management, and treasury operations.
“Our goal is to enable seamless interoperability across the old and new financial systems,” said Tom Greenwood, CEO and co-founder. “We’re not focused on speculative crypto use cases, we’re using stablecoins to enhance efficiency, speed, and reliability in real-world financial operations.”
Greenwood and Queathem bring significant industry experience. Greenwood previously led Volt, a real-time payments platform, and IFX, a cross-border payments company. Queathem helped lead global strategy at Worldpay, focusing on both fiat and crypto-enabled financial services.
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“Enterprises today face a fragmented, inefficient system for managing global capital flows,” said Eric Queathem, President and co-founder. “Velocity addresses this with a unified infrastructure that adapts to regulatory requirements and real-world complexity.”
The announcement comes amid growing regulatory clarity for digital assets and stablecoins in major markets including the US, UK, EU, and Singapore. These developments are prompting increased enterprise interest in digital finance solutions.
Investors cite the team's regulatory expertise and platform vision as key factors in backing the company. “As stablecoin-based payments grow, enterprise-ready infrastructure like Velocity’s will be essential,” said Michael Shaulov, CEO of Fireblocks.
Velocity’s platform is currently under development, with the new funding set to support product expansion, regulatory readiness, and early enterprise deployments.
