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Image Credit: Global Fintech Series

Velocity Comes Out of Stealth with $10 Million to Power the Velocity of Money

  • Velocity, founded by payment industry veterans Tom Greenwood and Eric Queathem, has come out of stealth with $10 million in pre-seed funding.
  • The funding round was led by Activant Capital, with participation from other notable investors such as Fuel Ventures, Triton Capital, and Fabric Ventures.
  • Velocity aims to enable enterprises to seamlessly manage capital across banks, blockchains, and borders through its Stablecoin Payment Account.
  • This platform bridges the gap between traditional financial systems and digital assets, offering solutions for cross-border settlement, liquidity management, and treasury operations.

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