Velocity Emerges from Stealth with £7.4m Raise for Fintech Innovation
Deal News | May 30, 2025 | UK Tech Funding
Velocity, a new fintech startup co-founded by Volt.io's Tom Greenwood and fintech veteran Eric Queathem, has secured £7.4m in a funding round led by Activant Capital. The startup seeks to integrate traditional and digital financial assets using a platform that manages fiat and stablecoin transactions for businesses. The solution aims to provide seamless global financial operations by reducing friction, accelerating settlements, and enhancing performance through stablecoins. The funding round witnessed participation from several venture firms such as Fuel Ventures, Triton Capital, and others. Greenwood emphasizes Velocity’s mission to improve financial operations without getting caught in crypto hype, while Andrew Steele of Activant Capital highlights the founders' technical expertise and the potential to reshape enterprise financial management.
Sectors
- Financial Technology
- Cryptocurrency
- Venture Capital
Geography
- United Kingdom – Tom Greenwood, a key figure in the article, is based in the UK and the article is sourced from UK Tech Funding.
- United States – Activant Capital, the lead investor in the funding round, is based in the U.S., giving the article a U.S. dimension.
Industry
- Financial Technology – Relevant as the article discusses the launch and funding of a fintech company offering innovative financial transaction solutions.
- Cryptocurrency – The article focuses on the use of stablecoins for financial transactions, making it relevant to the cryptocurrency industry.
- Venture Capital – The article details a venture capital funding round led by Activant Capital and other VC participants.
Financials
- £7.4m – Total amount raised in Velocity's pre-seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Velocity | Target Company | Company | A newly launched fintech startup aiming to integrate traditional and digital assets through a stablecoin-based platform. |
| Activant Capital | Lead Investor | Company | A venture capital firm that led the £7.4m pre-seed funding round for Velocity. |
| Fuel Ventures | Investor | Company | A participating investor in Velocity's funding round. |
| Triton Capital | Investor | Company | A participating investor in Velocity's funding round. |
| Fabric Ventures | Investor | Company | A participating investor in Velocity's funding round. |
| Commerce Ventures | Investor | Company | A participating investor in Velocity's funding round. |
| Digital Space Ventures | Investor | Company | A participating investor in Velocity's funding round. |
| Preface Ventures | Investor | Company | A participating investor in Velocity's funding round. |
| Tom Greenwood | Co-Founder and CEO | Person | Co-founder and CEO of Velocity, previously co-founded Volt.io. |
| Eric Queathem | Co-Founder | Person | Co-founder of Velocity with a background in fintech, formerly with Worldpay. |
| Andrew Steele | Partner at Activant Capital | Person | A partner at Activant Capital, leading the investment in Velocity. |