AI Engineer

Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple. The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said. * Stablecoin payments startup Velocity raised another $10 million from investors including Visa Ventures, Circle Ventures, Haun Ventures and Ripple, bringing its Series A round to $48 million. Stablecoin payments startup Velocity raised another $10 million from investors including Visa (V), Circle (CRCL) and Ripple, extending a Series A that now totals $48 million as financial heavyweights push deeper into blockchain-based payments infrastructure. Haun Ventures, Translink Capital and Mirana Ventures also participated in the extension, which follows a $38 million Series A announced in July. The new investment valued the London-based firm at $200 million post-money, CEO Eric Queathem told CoinDesk in an interview. The original Series A round was oversubscribed, he said. The funding comes as stablecoins, or cryptocurrencies tied to fiat money, are becoming a bigger part of global money movement. Once used primarily by crypto traders to shift dollars between exchanges, stablecoins have grown beyond $300 billion in circulation and are increasingly being used in payments, cross-border transfers and corporate treasury operations. Velocity is going after the infrastructure behind those transactions. Its platform is designed to let payment companies and banks use stablecoins for settlement, liquidity and treasury operations without ripping out the systems they already use. Payments plumbing. Queathem previously worked at Worldpay, which settles more than $2 trillion in annual payments volume. That experience helped shape the idea for Velocity. While consumer-facing payments have improved dramatically, much of the infrastructure moving money between issuers, card networks, acquirers and merchants remains cumbersome. "All this capital has flowed into payments over the last 15 years, and it's been 100% focused on how do you create a better experience on the front end for consumers," Queathem said. "But no one has fixed the back-end layer." Visa's investment is particularly notable because Velocity does not see stablecoins as replacing cards. The company expects blockchain-based digital money to sit underneath existing payment experiences, handling more of the funding and settlement that happens behind the scenes. "Stablecoins are playing an increasingly important role in reshaping how value moves across the Visa ecosystem," Rubail Birwadker, Visa's global head of growth products and strategic partnerships, said in a statement. Velocity, he added, is building infrastructure to bring "stablecoin-powered money movement to every business." Velocity Chief Growth Officer Matt Larson expects much of that shift to be invisible to consumers. "It probably doesn't lead to all of us switching to have stablecoin wallets as users," Larson told CoinDesk. Instead, he said, "all of the funding, all of the settlement" flowing around card networks could increasingly move toward stablecoins. Queathem expects global companies to eventually keep at least some of their capital onchain, creating demand for reconciliation, treasury management and other infrastructure connecting blockchain-based assets with existing financial systems. "I think in five years every global business is going to hold value onchain," he said. Even a relatively small shift of corporate money onchain would create a much larger infrastructure challenge than simply moving dollars into and out of stablecoins, Queathem said. Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume. Aug 27, 2026 Why it matters: Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.

Why now is the time to become an HDS Cloud Apps Reseller. A presence in every city, built on purpose. Over the past few weeks HDS Cloud Apps has been deliberately building out HDS Cloud Apps' presence across every major city in the UK and Ireland - dedicated pages for London, Manchester, Birmingham, Glasgow, Dublin and dozens more, plus hub pages covering England, Wales, Scotland and Northern Ireland as whole markets in their own right. Each one is written specifically for that city's hospitality and retail scene, not a single generic template with the town name swapped in. That matters for a reseller because of what it does quietly in the background: a hospitality operator searching for EPOS options in their own city finds a page that's actually about their city, their sector, and the way trade actually works where they are - not a homepage that assumes every venue in the country trades the same way a central London restaurant does. That's a warmer lead than a generic national ad ever produces, and it's exactly the kind of interest a local reseller is best placed to pick up and convert, because the groundwork of "why HDS, why now" has already been done before the phone even rings. Why its reseller network keeps growing. Search visibility gets a lead to the door. What's actually growing its reseller network is what happens after that - and it comes down to three things HDS Cloud Apps hear from resellers themselves, over and over, on calls, in review meetings, and in the quiet moments when a reseller mentions in passing that a platform they used to sell just isn't worth the hassle anymore. Great communication. A reseller isn't left guessing where a deal stands or what's happening with a client they placed six months ago. Clear, direct communication with the HDS team - not a ticket queue, not an account manager who changes every quarter - is something resellers consistently tell HDS Cloud Apps they don't get from other platforms they've worked with. When a client has a question mid-deployment, or a reseller needs a straight answer before they can close, they're talking to someone who actually knows the account, not starting again from the top of a call script. Flexibility of product. HDS Cloud Apps covers restaurants, bars, hotels, cafes, retail and a growing list of specialist sectors - golf clubs, padel courts, stadiums, charity retail - from one platform with 50+ modules. A reseller isn't stuck pitching a rigid product and hoping it fits; the platform flexes to whatever the client in front of them actually needs, whether that's a single-till independent café or a multi-site group running restaurants, retail and events under one roof. That range means a reseller doesn't need three different partnerships to cover three different types of client - one platform, one relationship, every sector. Great support, happy customers. A reseller's commission is only as good as how long that client stays. Every HDS client gets full onboarding, staff training and 24/7 UK-based support - which means a reseller isn't the one fielding a 10pm technical call on a Friday service, and the client they placed a year ago is still a happy, paying customer today. A churned client is a dead commission stream; a supported one keeps paying out for years, which is the entire logic behind why support quality matters as much to a reseller's income as it does to the client's experience. Payment agnostic, by design HDS Cloud Apps integrates with 8 payment providers - Dojo, Teya, Trust Payments, Viva, Musqet, Global Payments, WorldPay and Take Payments - and never forces a client onto one of them. A client can choose the provider that suits them and switch later without replacing their EPOS. For a reseller, that's an easier conversation with a client who's been burned by a "free till, locked processor" deal before, and a genuine point of difference against platforms built to funnel every client into one payment relationship. What you actually earn as a reseller. The commission structure is built to compound, not to pay out once and disappear. Every component of a deal earns: the software subscription, the hardware margin, and a separate payments commission - all from a single client relationship, with no carve-outs reducing what's actually payable. A client placed a year ago is still earning commission today, and every month after that, without a single additional sales call. New clients also get 40% off their buy rate, which makes the pitch itself far easier - a genuinely lower price rather than a discount that quietly unwinds once a trial period ends, so a hospitality or retail business isn't weighing up a "free for now" offer against what they'll actually pay once the honeymoon period is over. "The recurring commission model means I earn from clients I placed over a year ago. It keeps building quietly in the background." - HDS Cloud Apps Reseller Partner Who makes a good HDS Cloud Apps reseller. There isn't one fixed profile, and that's part of the point. Existing hardware or till resellers use HDS Cloud Apps to add a genuinely flexible platform alongside kit they already sell, rather than being tied to whatever rigid software their current supplier bundles in. Payment ISOs and agents already talking to hospitality and retail businesses about processing find EPOS a natural extension of that same conversation - and because HDS is payment agnostic, that conversation never turns into a fight over which processor the client is forced to use. Hospitality consultants and local IT providers who are already the trusted first call for venues in their city are often sitting on the exact kind of relationships a city-specific search page is built to attract; they just haven't had a reason to bring EPOS into that relationship before. What all of them have in common is an existing network, even a small one, and a willingness to have one more useful conversation with the businesses they already know. The platform, the commission structure and the support behind every client are the same regardless of which of those starting points a reseller comes from. Ready to grow with HDS Cloud Apps? A growing local presence in every major UK and Ireland city means more hospitality and retail businesses finding HDS Cloud Apps every week - and every one of those conversations is an opportunity for a reseller who's ready to have it. Combine that with a product flexible enough to fit almost any venue, a payment-agnostic platform that makes the pitch easier, and support good enough that clients stay for years, and it's a genuinely good time to be joining the network rather than watching it grow from outside. If you're already talking to hospitality or retail businesses about their tech stack - or want to start - find out how the HDS Cloud Apps reseller programme works and what a recurring income built on real support actually looks like. Frequently asked questions. How do I become an HDS Cloud Apps reseller? What do HDS Cloud Apps resellers earn commission on? Do resellers have to sell one specific payment provider? What support do resellers get after signing a client? HDS Cloud Apps HDS Cloud Apps builds cloud EPOS for hospitality and retail businesses across the UK, Ireland and Europe, sold and supported through a growing network of local reseller partners. Build a recurring income selling world-class EPOS. Impressive recurring commissions, a flexible product, real support behind every client, and no forced payment provider to pitch around.