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.