About Velocity Solutions
Velocity Solutions is a company based in Fort Lauderdale (United States) founded in 1995 was acquired by CSI in September 2024. It operates as a SaaS (Software-as-a-Service), and Professional Services. Velocity Solutions has completed 1 acquisition, including AkoubaCredit. Velocity Solutions offers products and services including Velocity Intelligent Platform, Retail Performance Engine, and Consumer Liquidity Engine.
- Headquarter Fort Lauderdale, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Velocity Solutions, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
CSI
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Velocity Solutions
Velocity Solutions offers a comprehensive portfolio of products and services, including Velocity Intelligent Platform, Retail Performance Engine, and Consumer Liquidity Engine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform drives revenue and engagement for financial institutions.
Engine boosts retail performance for banks and unions.
Engine provides consumer-friendly liquidity options to clients.
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Funding Insights of Velocity Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Velocity Solutions
Velocity Solutions has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include CSI, H.I.G. Growth Partners and H.I.G. Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are made in the United States.
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Founded Year | Domain | Location | |
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Private equity capital is invested in small and mid-sized businesses.
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Founded Year | Domain | Location | |
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Banking technology and financial crime solutions are provided for institutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Velocity Solutions
Velocity Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AkoubaCredit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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An online platform for originating small business loans is offered.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Velocity Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Velocity Solutions Comparisons
Competitors of Velocity Solutions
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Velocity Solutions
When was Velocity Solutions founded?
Velocity Solutions was founded in 1995.
Where is Velocity Solutions located?
Velocity Solutions is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Who is the current CEO of Velocity Solutions?
Christopher Leonard is the current CEO of Velocity Solutions.
What does Velocity Solutions do?
Velocity Solutions is engaged in delivering advanced banking technology solutions to banks and credit unions. The company is focused on driving revenue, enhancing account holder engagement, and increasing non-interest income through its proprietary Velocity Intelligent Platform. Key offerings include the Retail Performance Engine and the Consumer Liquidity Engine, which are tailored to improve retail performance and provide consumer-friendly liquidity options. The company also offers training, events, and resources to support financial institutions in optimizing their operations within the financial technology sector.
What products or services does Velocity Solutions offer?
Velocity Solutions offers Velocity Intelligent Platform, Retail Performance Engine, and Consumer Liquidity Engine.
How many acquisitions has Velocity Solutions made?
Velocity Solutions has made 1 acquisition, including AkoubaCredit.
Who are Velocity Solutions's investors?
Velocity Solutions has 3 investors. Key investors include CSI, H.I.G. Growth Partners, and H.I.G. Capital.