Archive · 30 Dec 2025
Speed Raises $8M to Expand Bitcoin Payments
Speed is a company that helps people and businesses use Bitcoin and stablecoins like USDT for fast, cheap, and easy payments.
They just got $8 million from Tether and ego death capital to grow their service.
Speed lets you send and receive money instantly, and big companies like Steak 'n Shake use it to process payments.
The company started because the founders saw that even though crypto promises fast money transfers, it wasn't being used much in real life.
They built Speed to fix that.
Now, they want to make Bitcoin and stablecoins the best way to move money around the world.
Speed, Inc. raises $8 million from Tether and ego death capital to expand Bitcoin and stablecoin payments.
The company processes over $2.5 billion in Bitcoin payment volume with 1.2 million users.
Speed Merchant enables businesses to accept Bitcoin and stablecoin payments with instant settlement and low fees.
Steak 'n Shake adopted Speed's infrastructure, reporting double-digit sales growth and reduced payment fees.
Speed plans to use the funding to scale infrastructure, expand globally, and develop deeper enterprise integrations.
- Who
- Speed, Inc., founded by Niraj Patel and Jayneel Patel
- What
- A global payment infrastructure company built on the Bitcoin Lightning Network
- When
- Founded in 2021, recent $8M funding announced
- Where
- Headquartered in India, with global operations
- Why
- To accelerate the adoption of Bitcoin and stablecoin payments for everyday use
- Company
- Speed, Inc.
- Investors
- Tether, ego death capital
- Funding Amount
- $8 million
- Payment Volume
- $2.5 billion
- Users
- 1.2 million
- Growth Rate
- 100% year-over-year
- Key Client
- Steak 'n Shake
- Website
- www.tryspeed.com