Velocity Secures $10M to Launch Stablecoin Payment Account for Enterprises

Velocity, a fintech startup founded by industry veterans Tom Greenwood and Eric Queathem, has emerged from stealth with a $10 million pre-seed funding round led by Activant Capital. The company unveiled its core product — the Stablecoin Payment Account — designed to modernize how enterprises manage money across banks, blockchains, and borders.

Backed by a powerhouse group of investors and strategic stakeholders from Stripe, Visa, Worldpay, Circle, PayPal, and Google, Velocity aims to become the critical bridge between traditional finance and the stablecoin-powered future.

1. $10M Pre-Seed Round and Strategic Backers

• Led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, Digital Space Ventures, and Preface Ventures.
• Strategic support from current and former executives of top-tier fintechs and payment networks: Stripe, Visa, Worldpay, Circle, PayPal, Google.

2. Launch of Stablecoin Payment Account

• One platform to manage both fiat and stablecoin transactions, removing the need for parallel banking or crypto systems.
• Solves enterprise pain points in cross-border settlement, FX, liquidity, and treasury management.
• Provides seamless capital movement across banks, blockchains, and geographies.

3. Founders with Deep Payments Expertise

• Tom Greenwood: Founder of Volt and IFX, with expertise in real-time payments and FX.
• Eric Queathem: Former Worldpay executive who scaled global strategy across traditional and crypto markets.
• Their combined experience brings regulatory fluency, enterprise-grade product design, and global infrastructure insights.

4. Next-Gen Infrastructure for a Multi-Asset World

• Velocity’s thesis: The world’s financial system must evolve to support a multi-asset economy, without sacrificing compliance or control.
• Platform integrates programmable stablecoins into traditional systems while maintaining operational rigour, auditability, and trust.

5. Growing Global Demand for Stablecoin Infrastructure

• Regulatory clarity in regions like the US, UK, EU, and Singapore is accelerating adoption of enterprise-ready stablecoin solutions.
• Velocity enters the market as businesses seek secure, compliant, and flexible payment systems.

Executive Insights

“This isn’t about replacing the old with the new; it’s about intelligently integrating both,” said Tom Greenwood, Co-Founder and CEO.
“We’re not chasing crypto hype — we’re leveraging stablecoins to remove friction, accelerate settlement, and improve real-world financial performance.”

“Velocity eliminates the operational friction global businesses face daily,” added Eric Queathem, Co-Founder and President.
“We’ve built infrastructure that scales, adapts, and connects fragmented financial systems.”

Investor & Partner Endorsements

Andrew Steele, Partner at Activant Capital:
“Velocity isn’t just solving cross-border payments, it’s rethinking FX, liquidity, and treasury through stablecoin infrastructure.”

Shiv Patel, Partner at Fuel Ventures:
“Tom and Eric have done this before. Now, they’re building foundational infrastructure for global finance.”

Ran Goldi, SVP Payments & Network at Fireblocks:
“With 90% of market participants adopting stablecoins, the time is now. Velocity is taking a thoughtful, enterprise-first approach.”

Velocity’s launch and funding underscore a pivotal shift in how enterprises approach treasury and payments infrastructure. By fusing the speed and flexibility of stablecoins with the control and compliance of traditional finance, Velocity is poised to become a cornerstone in the evolving digital financial ecosystem.

As regulatory frameworks mature and enterprise demand grows, Velocity is well-positioned to lead the next chapter of global payment transformation.