Payment industry veterans launch Velocity with €8.9M to build the OS for digital finance
Summary
Velocity, a financial infrastructure platform, announced a $10M (approximately 8.9M) pre-seed funding round to launch the operating system for digital finance.The funding round was led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, and Preface Ventures.Based out of Greenwich, Activant Capital specialises in growth equity with a focus on creating impact through active portfolio engagement.With offices in Greenwich, New York, Germany, and Cape Town, Activant Capital operates globally, supporting high-performing entrepreneurs in transforming innovative concepts into scalable businesses.The companys key areas of focus include growth investing, founder partnerships, market research, technology infrastructure, and strategic support for companies in high-growth phases.Velocity isnt just solving cross-border payments its rethinking how enterprises manage FX, liquidity, and treasury through stablecoin infrastructure, says Andrew Steele, Partner at Activant Capital. Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this. Weve shared this vision for years and now is the time to bring it to life.The companys strategic shareholders include current or former executives from Stripe, Worldpay, Visa, Circle, PayPal, and Google.Velocity was founded by payments industry veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company).Stablecoin infrastructure has improved but isnt yet ready for the needs of large global businesses. This allows companies to handle both traditional and digital assets smoothly.By simplifying the technology behind transactions, Velocity removes obstacles in cross-border payments, managing liquidity, and treasury functions.The platform combines the fast and programmable features of stablecoins with the trustworthiness of traditional finance, tackling real-world issues in cross-border payments, managing liquidity, and handling treasury operations.The future of finance isnt about replacing the old with the new. Were not chasing crypto hype were using stablecoins to remove friction, accelerate settlement, and drive improved performance of real-world financial operations.