Latest news with #TomGreenwood
Finextra
29-05-2025
- Business
- Finextra
Velocity scores $10M pre-seed funding for stablecoin payment account
Velocity announces a $10M pre-seed funding round and emerges from stealth to launch the Stablecoin Payment Account. 0 The round was led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, Digital Space Ventures and Preface Ventures. Strategic shareholders include current and former executives from Stripe, Worldpay, Visa, Circle, PayPal, and Google. Founded by payments industry veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company), Velocity delivers the financial upgrade global businesses have been waiting for. Traditional financial systems were not designed for a multi-asset economy, limiting the seamless integration of digital assets into existing infrastructure. Velocity bridges this gap by providing a platform where businesses can manage fiat and stablecoin transactions in one place, eliminating the need for parallel systems or complex integrations. Velocity's Stablecoin Payment Account provides enterprises with a frictionless way to move and manage capital across banks, blockchains, and borders. Designed for seamless integration, the platform combines the speed and programmability of stablecoins, with the rigour and reliability of traditional finance —- solving real-world challenges in cross-border settlement, liquidity management, and treasury operations. 'This isn't about replacing the old with the new; it's about intelligently integrating both,' said Tom Greenwood, co-founder and CEO. 'We're not chasing crypto hype — we're leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.' Greenwood previously founded Volt, a leading fintech specialising in real-time payments, and IFX, a prominent foreign exchange and cross-border payments company. Queathem spent nearly a decade at Worldpay, where he led global strategy and growth across both traditional and crypto markets. Together, they bring deep expertise in scaling regulated financial systems globally. 'We've experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds,' said Eric Queathem, co-founder and President. 'Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world.' Velocity's funding comes as global momentum builds around regulated stablecoins and digital money. Across major financial markets — including the US, UK, EU, and Singapore — emerging regulatory frameworks are accelerating enterprise adoption and driving demand for infrastructure that connects today's financial system with tomorrow's digital economy. 'Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this. We've shared this vision for years, and now is the time to bring it to life,' said Andrew Steele, Partner at Activant Capital. 'Velocity isn't just solving cross-border payments, it's rethinking how enterprises manage FX, liquidity, and treasury through stablecoin infrastructure,' 'Velocity is building foundational infrastructure for the future of global finance,' said Shiv Patel, Partner at Fuel Ventures. 'We backed Tom at Volt, and we're proud to back him again. Tom and Eric bring unique experience in navigating regulation, scaling enterprise platforms, and solving the real-world operational challenges that define success.' 'We're proud to support Velocity as a technology partner,' said Ran Goldi, SVP Payments and Network at Fireblocks. 'Fireblocks' recent report on stablecoin trends showed that 90% of market participants are moving forward with stablecoin adoption at pace. As demand for digital payment infrastructure accelerates, the market needs trusted, enterprise-ready solutions. Velocity is bringing a thoughtful approach to shaping this next chapter of digital payments.'
Yahoo
28-05-2025
- Business
- Yahoo
Velocity comes out of stealth with $10M to power the Velocity of Money
Founded by payment industry veterans Tom Greenwood and Eric Queathem, Velocity enables enterprises to move and manage capital seamlessly across banks, blockchains, and borders. London, May 28, 2025 (GLOBE NEWSWIRE) -- Velocity announces a $10M pre-seed funding round and emerges from stealth to launch the Stablecoin Payment Account. The round was led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, Digital Space Ventures and Preface Ventures. Strategic shareholders include current and former executives from Stripe, Worldpay, Visa, Circle, PayPal, and Google. . Founded by payments industry veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company), Velocity delivers the financial upgrade global businesses have been waiting founders Eric Queathem and Tom Greenwood. Traditional financial systems were not designed for a multi-asset economy, limiting the seamless integration of digital assets into existing infrastructure. Velocity bridges this gap by providing a platform where businesses can manage fiat and stablecoin transactions in one place, eliminating the need for parallel systems or complex integrations. Velocity's Stablecoin Payment Account provides enterprises with a frictionless way to move and manage capital across banks, blockchains, and borders. Designed for seamless integration, the platform combines the speed and programmability of stablecoins, with the rigour and reliability of traditional finance —- solving real-world challenges in cross-border settlement, liquidity management, and treasury operations. 'This isn't about replacing the old with the new; it's about intelligently integrating both,' said Tom Greenwood, co-founder and CEO. 'We're not chasing crypto hype — we're leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.' Greenwood previously founded Volt, a leading fintech specialising in real-time payments, and IFX, a prominent foreign exchange and cross-border payments company. Queathem spent nearly a decade at Worldpay, where he led global strategy and growth across both traditional and crypto markets. Together, they bring deep expertise in scaling regulated financial systems globally. 'We've experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds,' said Eric Queathem, co-founder and President. 'Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world.'Team Velocity. Velocity's funding comes as global momentum builds around regulated stablecoins and digital money. Across major financial markets — including the US, UK, EU, and Singapore — emerging regulatory frameworks are accelerating enterprise adoption and driving demand for infrastructure that connects today's financial system with tomorrow's digital economy. 'Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this. We've shared this vision for years, and now is the time to bring it to life,' said Andrew Steele, Partner at Activant Capital. 'Velocity isn't just solving cross-border payments, it's rethinking how enterprises manage FX, liquidity, and treasury through stablecoin infrastructure,' 'Velocity is building foundational infrastructure for the future of global finance,' said Shiv Patel, Partner at Fuel Ventures. 'We backed Tom at Volt, and we're proud to back him again. Tom and Eric bring unique experience in navigating regulation, scaling enterprise platforms, and solving the real-world operational challenges that define success.' 'We're proud to support Velocity as a technology partner,' said Ran Goldi, SVP Payments and Network at Fireblocks. 'Fireblocks' recent report on stablecoin trends showed that 90% of market participants are moving forward with stablecoin adoption at pace. As demand for digital payment infrastructure accelerates, the market needs trusted, enterprise-ready solutions. Velocity is bringing a thoughtful approach to shaping this next chapter of digital payments.' Ends Media images are found here. About VelocityVelocity is a next-generation financial infrastructure platform built to unify global payments and treasury operations through stablecoin technology. Founded by seasoned operators with deep expertise in regulated financial systems, Velocity enables businesses to move and manage capital across banks, blockchains, and borders. Designed for seamless integration, the platform combines the speed and programmability of stablecoins with the rigour and reliability of traditional finance — solving real-world challenges in cross-border settlement, liquidity management, and treasury operations. About ActivantActivant is a research-led growth firm investing in high-growth technology companies across AI, automation, fintech, and enterprise software. With a global presence spanning New York, Greenwich, Berlin, and Cape Town, Activant combines deep sector research with hands-on partnership to help founders build enduring, market-leading businesses. Activant has raised five funds to date. The firm's portfolio includes companies such as Sardine, Tines, Vivenu, Celonis, Pallet, Metronome, and Deliverr. CONTACT: For further information please contact the Velocity press office on press@
Reuters
13-03-2025
- Business
- Reuters
Helios Towers sees continued core profit growth in 2025, dividend from 2026
March 13 (Reuters) - Helios Towers (HTWS.L), opens new tab forecast on Thursday its adjusted core earnings would continue to rise in 2025 after the independent telecommunications infrastructure company reported a 2024 profit rise in line with analysts' expectations. The British-based firm still plans to start returning capital to shareholders in 2026, its Chief Executive Tom Greenwood said in a statement. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Helios Towers said it expected 2025 adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to between $460 million and $470 million this year after they grew by 14% to $421 million in 2024. Analysts had in average expected them to be $420.7 million, in a consensus provided by the company. The number of tenants, or operators using its tower infrastructure, grew by 9% to 29,406 in the year, helped by growth in Tanzania and Oman, compared with analyst estimates of 29,379. Helios Towers "continues to deliver across its metrics" Jefferies said in a note. The tower company builds, owns and operates telecom passive infrastructure for mobile network operators in Africa and the Middle East. Its customers include Airtel Africa (AAF.L), opens new tab, Vodafone (VOD.L), opens new tab, Orange ( opens new tab and Axian.
