Speed raises $8m from Tether and ego Death Capital

Speed, a global payment infrastructure company has raised $8 million in strategic funding from Tether, the issuer of USDT and USAT, and ego death capital, a venture fund backing foundational Bitcoin innovation.

The funding will help Speed make crypto more useful for everyday payments by enabling fast, global, and low-cost transactions, built by an India-based engineering team serving customers around the world.

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"Bitcoin and stablecoins have been mired in speculation for too long. Speed is making them usable for commerce, creators, and global payments," said Niraj Patel, CEO of Speed. "Lightning gives us speed. Stablecoins give us stability. Support from Tether and Ego Death Capital validates our vision for the world's most efficient payment rail."

Tether's investment aligns with its strategy to bring stablecoins deeper into Lightning infrastructure. "Speed is demonstrating how USDT and Lightning work together at scale," said Paolo Ardoino,  CEO of Tether. "Their rapid adoption, engineering excellence, and commitment to compliance position them as leaders in the next era of digital payments."Speed proves that Bitcoin can power real commerce today, not just years from now," added Preston Pysh, General Partner at Ego Death Capital.

About Speed 

Founded by serial entrepreneurs Niraj Patel and Jayneel Patel, Speed builds on lessons from the founders’ earlier startup, Orderhive, a SaaS platform used by merchants worldwide. That experience led them to focus on fixing gaps in digital commerce, especially how slowly money moves. Speed is now focused on building payment infrastructure using Bitcoin and stablecoins.

The company has processed over $2.5 billion in Bitcoin payments from real-world use, such as business transactions and peer-to-peer transfers. It serves 1.2 million users and is growing at more than 100% each year.

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Speed Wallet is part of the global network of Lightning-enabled wallets. Speed Merchant, its enterprise product, lets merchants, creators, and digital platforms accept Bitcoin and stablecoin payments with instant settlement, very low fees, and full compliance.

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