Crypto startup Speed has successfully raised $8 million in fresh funding to accelerate its international growth plans. The company announced that the capital will be deployed to strengthen its technology infrastructure, expand into new markets, and enhance product offerings tailored for global users.
According to company executives, the funding round was led by a consortium of venture capital firms with participation from strategic investors in the fintech and blockchain sectors. The investment reflects growing confidence in Speed’s ability to deliver innovative solutions in the fast-evolving cryptocurrency ecosystem.
Speed’s leadership stated that the funds will be used to scale operations across Asia, Europe, and North America. The company aims to build partnerships with financial institutions, improve compliance frameworks, and introduce new features that make crypto transactions faster and more secure.
Industry analysts noted that the $8 million raise positions Speed to compete more aggressively with established players in the sector. With increasing global demand for blockchain-based financial services, the startup’s expansion strategy is expected to strengthen its market presence and attract a wider user base.
