# Speed Wallet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/speed-wallet

- Industry: Software
- Headquarters: Las Vegas, US
- Website: www.speed.app
- Total disclosed funding: $8M
- Latest round: Seed (Dec 16, 2025)
- Investors on record: 2

## About

Speed Wallet is a digital wallet solution based in the US, enabling users to securely send, receive, and swap Bitcoin and USDT for everyday transactions with minimal fees.Founded in 2022 in Las Vegas, US, Speed1 Inc. operates Speed Wallet, a digital wallet for cryptocurrency transactions. The company secured USD 8.00 mn in funding on December 16, 2025, led by Tether Ventures and ego death capital, marking their first major investment round. The founder's previous entrepreneurial ventures are not documented in available resources.Speed Wallet specializes in providing a secure and efficient digital wallet primarily for Bitcoin and USDT transactions. Its core product allows users to send, receive, swap, and buy Bitcoin and USDT with minimal fees. The wallet is particularly designed to facilitate everyday transactions, enabling users to pay bills, share expenses with friends, and make purchases from various retailers directly within the app. The Speed Wallet app integrates a seamless swap feature, allowing users to exchange Bitcoin for USDT and vice versa instantly. With a focus on user experience, the platform targets a broad customer base that includes both retail consumers and businesses across various geographical markets, including the United States, Europe, and parts of Asia, serving millions of users who trust the platform for their cryptocurrency needs.The revenue model of Speed Wallet is structured around transaction fees associated with the buying, selling, and swapping of cryptocurrencies, along with rewards programs that incentivize user engagement. Users earn Speed Rewards for every transaction made, which can be redeemed for Bitcoin SATs. The company also benefits from referral bonuses, rewarding users for onboarding new clients. Additionally, Speed Wallet generates revenue through partnerships and collaborations with retailers, allowing users to shop directly from the app using Bitcoin. This multifaceted approach, encompassing direct-to-consumer transactions and potential B2B partnerships, creates a dynamic revenue stream that supports the scalability of its services. Speed Wallet's flagship offerings, including the Speed Rewards program and the ability to purchase gift cards via Bitcoin, further enhance its revenue potential and market position.In December 2025, Speed Wallet raised USD 8.00 mn in venture funding to expand its Lightning-powered payment infrastructure, scale enterprise merchant adoption, and support the growth of its global Bitcoin and stablecoin payment network. The company plans to introduce new features that enhance user engagement over the coming year and aims to enter additional markets in Europe and Asia by 2026.

## Funding rounds

- Seed, Dec 16, 2025, $8M — ego death capital, Tether Ventures

## Investors

- ego death capital (https://capitalatlas.ai/funds/ego-death-capital) — Seed
- Tether Ventures (https://capitalatlas.ai/funds/tether-ventures) — Seed