{"id":3396,"date":"2026-07-14T12:13:21","date_gmt":"2026-07-14T12:13:21","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3396"},"modified":"2026-07-14T12:13:21","modified_gmt":"2026-07-14T12:13:21","slug":"exclusive-payments-startup-velocity-raises-38-million-to-help-businesses-tap-stablecoin-growth","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3396","title":{"rendered":"Exclusive: Payments startup Velocity raises $38 million to help businesses tap stablecoin growth\u00a0"},"content":{"rendered":"
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\u201cThese are companies that do not understand that they can be using stablecoins to solve their problems. Those are the people we are going for,\u201d said Rob Hadick, a general partner at\u00a0 the venture capital firm Dragonfly, which has carved out a niche in backing firms that facilitate fiat-to-bridge transactions.\u00a0<\/p>\n

Read more Black women\u2019s unemployment rate fell. That\u2019s not the good news you think it is<\/a><\/p>\n

Dragonfly led Velocity\u2019s Series A round, which also included investments from Coinbase, Capital One Ventures, and Wintermute. Eric Queathem, founder and CEO of Velocity, declined to specify at what valuation his startup raised its most recent stash of capital.\u00a0<\/p>\n

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Founded in 2025, Velocity aims to tap into the industry\u2019s rapid expansion, with its name pointing to its goal of making payments faster through stablecoins. The company declined to name specific clients but said its customers include a mix of global merchants, payment providers, fintechs, and financial institutions.<\/p>\n

Queathem has encountered the frustrations that arise when using traditional banking rails to settle cross-border transactions. Before Velocity, he spent the last nine years at payments technology company WorldPay, leading corporate strategy and acquisitions before launching their crypto and global payouts division. There, he saw that while consumer payments looked sleek, the underlying infrastructure was \u201cawful.\u201d<\/p>\n

Velocity sees traditional banks and foreign exchange houses as its main competitors, rather than other payments startups. Hadick described Velocity as a model that moves beyond simpler use cases into the more complex treasury and cross-border settlement needs of large companies.<\/p>\n

Read more The price of oil shoots upward as Trump demands tolls in the Strait of Hormuz<\/a><\/p>\n

\u201cWhat Velocity has built is what we think is the easiest, most comprehensive set of solutions for these businesses to come on-chain and to do [so] in a way that\u2019s familiar to them,\u201d Queathem told Fortune<\/em>.<\/p>\n

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The company already operates in the United States, parts of Europe, and Australia, and plans to use the new capital to obtain licenses required to expand into Africa and Latin America. It will also invest in infrastructure for secure asset custody and develop features such as yield-generating stablecoin products.<\/p>\n

Stablecoins have rapidly expanded over the past two years, extending beyond fintech and into Wall Street. Proponents say they enable faster cross-border payments and lower transaction costs, and venture investors have committed hundreds of millions of dollars to the sector over the past year. In June, Open Standard, a consortium of financial firms including Stripe, Visa, BlackRock, and more than 140 others, said it would launch its own stablecoin to compete with the market\u2019s current leaders.<\/p>\n

Read more Top CD rates from major banks on July 14, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more<\/a><\/p>\n

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Dragonfly led the Series A round, with backing from Coinbase and Capital One.<\/p>\n","protected":false},"author":1,"featured_media":3395,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-3396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture-capital"],"yoast_head":"\nExclusive: Payments startup Velocity raises $38 million to help businesses tap stablecoin growth\u00a0 - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=3396\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Payments startup Velocity raises $38 million to help businesses tap stablecoin growth\u00a0 - 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