TechFlow, May 28 — According to Techfundingnews, financial infrastructure platform Velocity announced a $10 million pre-seed funding round, setting a record as the largest pre-seed raise in Europe this year. The round was led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, and Preface Ventures.
Founded by former Volt CEO Tom Greenwood and ex-Worldpay executive Eric Queathem, Velocity is building enterprise-grade payment and treasury infrastructure that enables real-time cross-border settlements for fiat and digital assets by integrating virtual IBANs, digital wallets, and custody services. The company currently has 11 employees across London, New York, and Warsaw, and plans to grow to 30 by year-end, focusing on expanding its engineering and regulatory operations teams.
