← Embedded Finance Index 2026

Velocity

Can a stablecoin-native settlement and treasury platform replace correspondent banking infrastructure for enterprise payment companies and global businesses?

Founded2025
HQLondon, UK
FoundersEric Queathem, Tom Greenwood
Total raised$48M
Latest roundSeries A, July 2026
IndustryInfrastructure / Payments
The story

Founded in 2025 by payments industry veterans, Velocity entered the market as an enterprise stablecoin treasury and settlement platform, targeting CFOs and finance teams who need to move capital across borders without traditional correspondent banking constraints. The company positions itself at the intersection of fiat and stablecoin rails, enabling real-time settlement, yield on idle balances, and FX-efficient cross-border payments. Rather than building a neobank or consumer product, Velocity is infrastructure-first: it connects licensed banks, FX providers, and digital asset networks into a single programmable API for payment companies, global businesses, and financial institutions.

Last 12 months
2026-07
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Product timeline
2025
Velocity launched in May 2025 as a stablecoin treasury and settlement platform for enterprise CFOs and payment providers.· pivot
2025
Raised $10M pre-seed round and received an undisclosed strategic investment from Dragonfly Capital in October 2025.· banking
2026
Raised $38M Series A led by Dragonfly and FirstMark; total funding reached ~$48M.· banking
2026
Announced partnership with Zodia Custody for institutional-grade stablecoin custody.· banking
2026
Partnered with MVB Financial and Visa Direct for a stablecoin-funded push-to-card settlement pilot.· card
2026
Partnered with Prove for identity verification across onboarding flows.· banking
The stack
4 layers disclosed in Velocity’s embedded-finance stack
Money movement
Visa DirectPush-to-card
KYC
in the full report
Sponsor bank
in the full report
Crypto
in the full report
Accounting gap: minor
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.