Velocity
Founded 2025 · 41 employees on LinkedIn · 13 known investors
Velocity is an enterprise platform that provides payments and treasury solutions powered by stablecoins, designed for CFOs and global businesses. The platform integrates traditional banking with blockchain technology to enable faster cross-border money movement and enterprise-grade financial infrastructure.
Also known as Velocity
Investors · 13
Also in the syndicate · 3
Funding
SEC filings, press & company announcements$38M disclosed across 1 of 2 rounds · 2026
- $38MSeries AJul 2026 · 5 sources
Dragonfly (lead), Dragonfly Capital (lead), FirstMark (lead), Activant Capital, Capital One Ventures, Coinbase, Coinbase Ventures, QED Investors, Ripple, Wintermute Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Velocity is a London, UK-based provider of a stablecoin-powered payments and treasury platform aimed at enterprises. The product unifies payments, balances and liquidity into a single programmable, multi-asset system that combines settlement, payments, treasury and FX, with the stated aim of giving finance teams one financial core for real-time operations. Capabilities described by the company include real-time settlement (including weekends, holidays and after cut-off times), 24/7 movement of fiat or stablecoins, cross-border payments intended to reduce embedded FX costs, elimination of pre-funding requirements, and yield on stablecoin balances held in programmable digital wallets.
The platform is delivered through an API covering payments and settlement (funding in stablecoins, paying in stablecoins, and fiat transfers powered by stablecoins) plus treasury features such as TMS/ERP integrations, programmable regulated wallets and yield optimisation. Velocity states it operates a settlement network connecting banks, payment networks, wallets and liquidity providers to enable cross-border settlement without relying on traditional correspondent banking, and describes institutional-grade HSM-based custody through regulated partners, connectivity to licensed banks and FX providers, access to institutional liquidity pools with automated best-execution routing, compliance controls applied to every transaction, and a high-availability architecture.
Founding story
Velocity was founded in 2025 by Eric Queathem, who serves as CEO. Before Velocity, Queathem spent nine years at payments technology company WorldPay, leading corporate strategy and acquisitions and launching its crypto and global payouts division, where he concluded that consumer-facing payments were polished while the underlying settlement infrastructure was poor.
Business model
Velocity sells API- and integration-based financial infrastructure to enterprises, offering settlement, payments, treasury and FX through one platform; the sources do not describe pricing or fee structure.
Traction
Velocity says it already serves a mix of global merchants, payment providers, fintechs and financial institutions, and operates in the United States, parts of Europe and Australia. It declined to name specific customers, and no revenue or volume figures are disclosed in the sources.
Latest developments
Following the July 2026 Series A, Velocity said it would expand its global banking and payments network, accelerate product development, deepen regulatory capabilities, obtain licenses to enter Africa and Latin America, invest in secure asset custody infrastructure and develop yield-generating stablecoin products. It is recruiting for open roles.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as enterprise-grade infrastructure spanning banks and blockchains rather than a consumer or simple crypto payments tool. Fortune reports Velocity views traditional banks and foreign exchange houses as its main competitors rather than other payments startups, and its lead investor characterises it as addressing complex treasury and cross-border settlement needs of large companies.
The company frames its edge as combining payments and treasury expertise with a global intrabank settlement network, regulated custodians, global licensing and integrated compliance controls, enabling enterprises to move value on-chain in familiar formats while avoiding traditional correspondent banking.
Technology
Programmable, multi-asset infrastructure combining regulated stablecoins with traditional banking rails, exposed via a REST API (e.g. transfer quote endpoints for pairs such as USDC-EUR). Components include programmable regulated wallets, TMS/ERP integrations, yield optimisation, HSM-based bank-grade custody via regulated partners, automated best-execution routing across institutional liquidity pools, embedded monitoring and screening, and security controls built to ISO 27001 and SOC 2 standards (SOC 2 Type I attested, Type II underway).
Go-to-market
Direct enterprise sales and developer-led integration: the website offers 'Contact sales', 'Start your integration' and API documentation, and segments its offering for payment companies, global businesses and financial institutions. The company says it works with global merchants, payment providers, fintechs and financial institutions but declined to name specific clients.
CFOs, treasurers and finance teams at global merchants, payment providers, fintechs and financial institutions that move and manage money across borders.
Geography
Headquartered in London, UK, with operations in the United States, parts of Europe and Australia; leadership includes heads of EMEA and APAC. Planned expansion into Africa and Latin America pending licensing.
History
Founded in 2025 in London. On 14 July 2026 the company publicly announced a $38 million Series A led by Dragonfly and FirstMark, with participation from Coinbase Ventures, Capital One Ventures, QED Investors, Activant Capital, Ripple and Wintermute Ventures. The leadership team listed on the company site includes Eric Queathem (founder & CEO), Łukasz Anwajler (CTO), Matt Larson (Chief Growth Officer), Olann Kerrison (Chief Network Officer), Mina Khattak (Head of BD & Partnerships), Stuart Barclay (Head of EMEA), Wanda Kudrycka (Head of Legal), Michal Jasiorowski (Head of Engineering), Leila Foulon (Chief of Staff), Jan Hartmann (Head of APAC), John Stathacopoulos (Head of Risk & Compliance), James Osborn (Head of Product) and Farrah Mohamed (Head of Customer Solutions).
Risks & controversies
The sources note dependence on obtaining regulatory licenses for planned expansion into Africa and Latin America, and that SOC 2 Type II attestation is still underway. The company declined to disclose its Series A valuation or name customers, limiting verification of traction. The stablecoin market it serves is competitive and evolving; Fortune notes a consortium including Stripe, Visa and BlackRock announced plans in June 2026 to launch a competing stablecoin.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsFortune reported that Velocity, already operating in the United States, parts of Europe and Australia, plans to use new capital to obtain the licenses required to expand into Africa and Latin America.
Velocity announced a $38 million Series A round led by Dragonfly and FirstMark, with participation from Coinbase Ventures, Capital One Ventures, QED Investors, Activant Capital, Ripple and Wintermute Ventures. The company declined to disclose the valuation. Proceeds are earmarked for expanding its global banking and payments network, product development, regulatory/licensing capabilities (including licenses to expand into Africa and Latin America), secure asset custody infrastructure and yield-generating stablecoin products.
$38M source ↗
Velocity's website states security controls are built in accordance with ISO 27001 and SOC 2 standards, with SOC 2 Type I attestation achieved and Type II underway.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Velocityvelocity.xyz · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Velocity do?
- London-based Velocity runs a stablecoin-powered enterprise platform for payments, settlement, treasury and FX.
- Who are Velocity's investors?
- Velocity's investors include Activant Capital, Digital Space Ventures, Capital One Ventures, Coinbase Ventures, Dragonfly, FirstMark Capital, Fuel Ventures, Preface Ventures and 2 more.
- How much funding has Velocity raised?
- Velocity has disclosed $38M raised across 1 of its 2 known rounds.