Velocity Secures £7,430,000 to Drive Fintech Growth
Unlocking the Future of Finance: How Velocity Secured £7,430,000 in Funding
In a significant boost to the financial technology landscape, Velocity, a pioneering startup based in London, has successfully raised £7,430,000 in pre-seed funding. The round, led by Activant Capital, garnered participation from several influential investors including Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, and Preface Ventures. This substantial investment positions Velocity to accelerate its growth, enhance product development, and expand operations, driving its mission to revolutionize financial infrastructure for businesses worldwide.
Co-founded by the innovative duo of Eric Queathem and Tom Greenwood, Velocity stands at the forefront of fintech by offering a highly secure, compliant platform that seamlessly integrates both fiat and digital asset treasuries.
With its robust infrastructure, Velocity empowers enterprises to manage capital efficiently across various banking and blockchain environments. This cutting-edge solution not only facilitates real-time cross-border settlements but also mitigates issues of delays, costs, and frictions often experienced in traditional banking systems.
The promise of Velocity lies in its intelligent FX routing capabilities. By optimizing every transaction and enhancing operational clarity, companies can now achieve quicker, cheaper, and more transparent stablecoin transactions, equipped with fiat integration and AI-driven payment logic. With this transformative approach, Velocity is setting new standards in the investment landscape, making it a compelling opportunity for investors looking to capitalize on the evolving financial ecosystem. As the startup continues to attract funding and build its influence, it’s clear that Velocity is gearing up to reshape how businesses manage and transact capital.
Key Terms Explained
- Pre-seed funding
- This is the first official equity funding stage. It typically represents the first official money that a business venture or enterprise raises; some companies never extend beyond seed funding.
- Activant Capital
- Activant Capital is a venture capital firm that invests in companies across stages, from startups to scale-ups. They played a leading role in Velocity's funding round.
- FX routing
- Foreign Exchange (FX) routing refers to managing and optimizing transactions in different currencies. In this context, it's an innovative feature in Velocity's platform that provides operational clarity and optimizes every transaction.
Frequently Asked Questions
- Who led the funding round for Velocity?-The funding round for Velocity was led by Activant Capital.
- What was the amount of funding secured by Velocity?+
- Which investors participated in the funding round for Velocity?+
- What are the potential benefits of Velocity's FX routing capabilities for investors?+
- How does Velocity plan to use its £7,430,000 funding?+
They've invested in Velocity
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Activant Capital | 1 investment(s) investment(s) | more info | |||
2 |  Fuel Ventures | 39 investment(s) investment(s) | 10 contacts contacts | |||
3 |  Triton Capital | 1 investment(s) investment(s) | more info | |||
4 |  Fabric Ventures | 3 investment(s) investment(s) | more info | |||
5 |  Commerce Ventures | 3 investment(s) investment(s) | 5 contacts contacts | |||
6 |  Preface Ventures | 1 investment(s) investment(s) | more info |
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