Velox
Velox Financial Technology is a private New York-based software firm that builds vCore, a low-code application development platform purpose-built for capital markets engineering teams. It serves banks, brokers, and trading firms via subscription platform licensing, enabling faster modernization of front and middle office systems.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Velox does
Velox Financial Technology is a private, New York-based software company founded in 2017 that develops vCore, a low-code application development platform purpose-built for capital markets engineering teams. vCore encapsulates solutions to common front and middle office engineering challenges — trading, risk, and analytics infrastructure — into reusable building blocks, enabling internal development teams to focus on differentiating business logic rather than commoditized infrastructure. The company describes its approach as "Buy & Build," positioning vCore as a middle path between fully outsourced vendor systems and building from scratch. Velox claims the platform can accelerate software development by up to 10x compared to traditional approaches, with optimized performance for user-facing trading systems across multiple non-functional dimensions.
Velox serves a single vertical: capital markets firms including banks, brokers, and trading firms that need to modernize legacy trading and risk systems or build new front/middle office applications. The company targets CIOs and engineering leaders through an enterprise direct sales motion, supplemented by industry event participation (FIA BOCA, TTSLDN), thought leadership content, and a developer community portal at community.veloxfintech.com. The revenue model is platform licensing on a subscription/recurring basis, with free evaluations available to prospective clients; no public pricing tiers are disclosed. The company has offices in New York, London, Frankfurt, and Shanghai, with a planned Riyadh office opening in Q3 2026 to capture Middle East capital markets demand.
Velox has secured approximately $2.5M in disclosed funding (ETFS Capital, June 2020) plus an undisclosed strategic investment from Valantic Financial Services Automation (FSA) in April 2022, which has produced a co-developed HTML5-based repo trading platform. The company operates with 11–50 employees and reports no public revenue figures. Leadership comprises co-founders Jon Butler (CEO), Jason Yan (President), and Govind J. (CTO), alongside COO Alison Hood. Velox does not publicly disclose AI/ML capabilities; its competitive positioning rests on domain specialization in capital markets engineering rather than artificial intelligence differentiation.
Velox firmographics
Firmographics- Name
- Velox
- Legal name
- Velox Financial Technology
- Website
- https://veloxfintech.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Velox Financial Technology is a private New York-based software firm that builds vCore, a low-code application development platform purpose-built for capital markets engineering teams. It serves banks, brokers, and trading firms via subscription platform licensing, enabling faster modernization of front and middle office systems.
- Ownership category
- akta.pro rank
Velox industry classification
Industry- Product category
- Capital Markets Software Development Platform
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Developer Experience Platforms for Enterprise (IDEs, CI/CD, Dev Portals) (HDAEAKAI)
Keywords
Where Velox is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Velox business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Platform Licensing: vCore platform licensing to capital markets firms for application development. The platform enables buy-and-build approach where firms purchase commoditized infrastructure components while retaining ability to build differentiating features.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Free evaluation available |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels5 records
Velox product offering
Product offeringCore offering
Velox develops and licenses vCore, a low-code application development platform purpose-built for capital markets engineering teams. vCore encapsulates solutions to common front and middle office engineering challenges into reusable building blocks, allowing institutions to build critical trading, risk, and analytics software up to 10x faster while adopting a "buy and build" approach. Velox also offers a repo trading platform developed with strategic partner Valantic FSA, and supports customers with free evaluations, a client portal, documentation, and a developer community.
Product overview
Velox offers a single unified product platform called vCore, which is a low-code application development platform specifically designed for capital markets. The platform enables software development teams across capital markets to build critical business software up to 10x faster by encapsulating common engineering challenges into reusable building blocks. The company also launched a repo trading platform in partnership with Valantic FSA. Velox operates on a Buy & Build approach, allowing firms to buy commoditized infrastructure while retaining the ability to build their own differentiating features.
Differentiator
Problem solved
Functional benefit
Brands
- vCore: Velox's core development platform that encapsulates solutions to tough engineering challenges in reusable building blocks, enabling software development teams across Capital Markets to build critical business software up to 10x faster.
Products and services
- vCore vCore is Velox's low-code application development platform designed specifically for capital markets engineering teams. It encapsulates solutions to tough front and middle office engineering challenges into reusable building blocks, so developers focus on business logic unique to their firm rather than commoditized infrastructure. The platform supports a "buy and build" approach, enabling capital markets firms to build and modernize trading, risk, and analytics software up to 10x faster than traditional development approaches.
- HTML5-based Repo Trading Platform HTML5-based electronic repo trading platform developed with strategic partner Valantic FSA to support Velox's electronic trading business and accelerate digital transformation for capital markets clients.
Quantifiable outcome
- Software development up to 10x faster for capital markets applications
Companies that use Velox
Customer profileSegments1 record
Ideal customer profiles1 record
Velox technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Velox partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Valantic Financial Services Automation (FSA)coreValantic FSA completed a strategic investment in Velox Financial Technology on April 20, 2022. The investment aims to enhance product development, speed up innovation, and expand Valantic FSA's electronic trading solutions. The partnership has led to the launch of a new repo trading platform based on HTML5 technology, supporting Velox's electronic trading business and enhancing its product development capabilities. The collaboration strengthens the strategic partnership and enables accelerated digital transformation.
Scale indicators1 record
Recent moves7 records
Expansion highlights5 records
Velox competitors and assessment
Company assessmentDirect peers
- Murex: Murex provides the MX.3 integrated platform for trading, risk management, and post-trade processing across capital markets. It is the most directly comparable platform to vCore, addressing front/middle office software needs at banks and trading firms globally.
- ION Group: ION Group delivers mission-critical software and services to capital markets, treasury, and corporate clients, including trading, risk, and clearing platforms. It is a primary competitor to Velox in providing technology infrastructure for capital markets firms.
- Adenza (formerly Calypso Technology): Adenza, via the Calypso platform, offers capital markets software for trading, risk, collateral, and treasury management. It competes head-to-head with Velox in delivering front-to-back office platforms to banks and large financial institutions.
- Broadridge Trading and Connectivity Solutions (Itiviti): Broadridge's Itiviti business provides trading infrastructure, connectivity, and workflow tools for capital markets, including low-latency trading and post-trade solutions. It directly overlaps with Velox's vCore in serving capital markets engineering teams.
- OSTTRA: OSTTRA, a joint venture of S&P Global and CME Group, provides post-trade infrastructure and analytics for capital markets. It is comparable to Velox in serving the operational technology needs of capital markets participants.
- Beeks Financial Cloud: Beeks Financial Cloud provides infrastructure and analytics for capital markets, focused on low-latency trading and automated trading environments. It competes with Velox in delivering specialized infrastructure to capital markets engineering teams.
- Imagine Software (Financial Technology Solutions): Imagine Software provides real-time portfolio management, risk, and trading platforms to buy-side and sell-side financial institutions. It is comparable to Velox in targeting capital markets firms with technology solutions for front/middle office workflows.
Broad incumbents
- FIS Capital Markets: FIS provides a broad portfolio of capital markets software, including Front Arena, and serves many of the same global banks and brokers that Velox targets. As a large incumbent, it competes with Velox on integrated trading and risk platforms rather than on developer productivity tooling specifically.
- Finastra: Finastra offers capital markets, lending, and retail banking software, including the Kondor trading platform that overlaps with vCore's front/middle office focus. It is a broad incumbent in financial services software with a comparable buyer base.
Emerging players
- Appian: Appian is a low-code application development platform used across financial services for workflow, case management, and process automation. While not capital-markets specific, it competes with vCore in the broader low-code developer tooling category that Velox also addresses.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Velox social profiles
Digital presenceVelox financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velox leadership team
Management profileNumber of profiles
Profiles4 records
Velox funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velox M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velox
What does Velox do?
Velox develops and licenses vCore, a low-code application development platform purpose-built for capital markets engineering teams. vCore encapsulates solutions to common front and middle office engineering challenges into reusable building blocks, allowing institutions to build critical trading, risk, and analytics software up to 10x faster while adopting a "buy and build" approach. Velox also offers a repo trading platform developed with strategic partner Valantic FSA, and supports customers with free evaluations, a client portal, documentation, and a developer community.
Is Velox a public or private company?
Velox is a private company. It is classified as venture growth investor backed and is currently operating.
When was Velox founded?
Velox was founded in 2017. It employs 51 to 100 people.
Where is Velox based?
Velox is headquartered in New York, United States, in the North America region.
How does Velox make money?
One revenue line is on record: platform Licensing.
Who are Velox's main competitors?
Direct peers on record are Murex, ION Group, Adenza (formerly Calypso Technology), Broadridge Trading and Connectivity Solutions (Itiviti), OSTTRA, Beeks Financial Cloud and Imagine Software (Financial Technology Solutions). Broad incumbents are FIS Capital Markets and Finastra. Appian is listed as an emerging player.
Does Velox have an API?
Yes. Velox offers a developer portal and documentation platform at https://portal.veloxfintech.com/doc for client access. The community portal at https://community.veloxfintech.com/ provides additional developer resources. The authentication system at auth.veloxfintech.com uses OIDC (OpenID Connect) with openid and email scopes, suggesting an API with OAuth2/OIDC authentication. Developer documentation is at portal.veloxfintech.com/doc.
What industry is Velox in?
Velox's product category is Capital Markets Software Development Platform. Its primary akta.pro industry code is HDAEAKAI, Developer Experience Platforms for Enterprise (IDEs, CI/CD, Dev Portals). Its NAICS code is 513210 and its SIC code is 7372.