Stablecoin activation firm Speed It raised $38 million in Series A financing, according to a note from the firm.
The funding round was led by FirstMark and Dragonfly. Other investors include Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
Headquartered in the UK, Velocity was founded last year with a mission to modernize treasury options by reducing settlement times and moving capital across borders more efficiently. The stablecoin payments and treasury platform is designed to support global CFOs and corporate treasurers by combining traditional financial infrastructure with stablecoins to move value quickly and efficiently. Firms can unlock capital and optimize cash flow.
Gbenga AjayiPartner of the company QED InvestorsA leading fintech-focused VC said they are backing payment firms and that there is a consistent pattern where services that fit the way the business currently operates will win. Ajayi said stablecoins are changing the way money moves, but only when they are integrated into existing workflows.
“Velocity has built exactly this bridge, providing businesses with a practical path to faster payments and more efficient global liquidity.”
Eric QueathemVelocity’s founder and CEO says that every business wants a faster, more efficient solution and they provide it.
Velocity combines stablecoin infrastructure that bridges banking rails, compliance, custody, liquidity management and clearing, allowing users to access the benefits of stablecoins without changing operations.
Velocity has raised $50 million in funding since May 2025.
