“Not chasing Crypto hype” – London-based Velocity raises €8.8 million for financial infrastructure platform

British FinTech start-up Velocity, a monetary framework system, today departures stealth and introduces an EUR8.8 million pre-Seed financing round to introduce “ the os for electronic money“.

The round was led by Activant Funding, with involvement from Gas Ventures, Triton Funding, Material Ventures, Business Ventures, and Beginning Ventures. Strategic investors consist of existing or previous execs from Red stripe, Worldpay, Visa, Circle, PayPal, and Google.

“ The future of money isn’t regarding changing the old with the brand-new. It has to do with smartly incorporating both,” claimed Tom Greenwood, Founder and chief executive officer. “ We’re not chasing after crypto buzz– we’re making use of stablecoins to get rid of rubbing, speed up negotiation, and drive boosted efficiency of real-world economic procedures.“

Established In 2025, Rate is a monetary framework system constructed to link worldwide settlements and treasury with stablecoin innovation. Rate seeks to make it possible for companies to relocate, hold, and handle funding effortlessly throughout financial institutions, blockchains, and boundaries.

Rate was started by settlements sector professionals Tom Greenwood and Eric Queathem. Greenwood formerly started Volt, a FinTech business being experts in real-time settlements, and IFX, a forex and cross-border settlements business. Founder and Head of state Queathem invested almost a years at Worldpay, where he led worldwide method and development throughout both standard and crypto markets.

“ We have actually experienced first-hand the economic intricacy of running an international company– the fragmentation of carriers, the absence of openness, and the workarounds,” claimed Eric Queathem, Founder and Head of state. “ Rate is constructed to remove that rubbing with framework that ranges, adapts, and fixes the real-world troubles big ventures deal with everyday relocating and taking care of cash around the globe“

Rate suggests that while stablecoin framework has actually grown, it has actually not been productised for the range, intricacy, or governing needs of worldwide venture. Relocating from technological feasibility to functional preparedness is important to opening the following wave of technology– and making it possible for fostering at range.

Rate seeks to make that shift feasible with a safe, enterprise-grade system that links financial institutions, blockchains, and AI– making it possible for companies to hold, relocate, and handle funding effortlessly throughout standard rails and electronic possessions.

“ Rate isn’t simply resolving cross-border settlements– it’s reconsidering just how ventures handle FX, liquidity, and treasury with stablecoin framework,” claimed Andrew Steele, Companion at Activant Funding. “ Tom and Eric bring the unusual technological deepness and governing fluency required to construct and scale an item such as this. We have actually shared this vision for several years– and currently is the moment to bring it to life“

Throughout significant economic markets– consisting of the United States, UK, EU, and Singapore– arising governing structures are speeding up venture fostering and driving need for framework that attaches today’s economic system with tomorrow’s electronic economic climate.

“ Rate is constructing fundamental framework for the future of worldwide money,” claimed Shiv Patel, Companion at Gas Ventures. “ We backed Tom at Volt, and we’re honored to back him once more. Tom and Eric bring unusual deepness in browsing guideline, scaling venture systems, and resolving the real-world functional difficulties that specify success.“

“ We’re honored to sustain Rate as a calculated companion,” included Michael Shaulov, Owner and Chief Executive Officer at Fireblocks. “ As need for stablecoin-based settlement framework increases, the marketplace requires relied on, enterprise-ready services. Rate is bringing a thoughtful technique to this following phase of electronic settlements.“

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