Capital One acquires Velocity Black

Capital One has acquired Velocity Black, a London-based digital concierge company that delivers travel, entertainment, shopping and dining offerings to consumers globally.

Founded in 2014 on the principle that time is the most precious asset, Velocity deploys tech and human experts to “transform how high performance people discover and enjoy their world.” The company has raised $28 million in venture capital.

“Capital One and Velocity Black are committed to innovating on behalf of the customer, and both have raised the bar in their sectors. Velocity Black’s deep service expertise and unique tech platform complement Capital One’s focus on building experiences that meet the evolving needs of our customer.” – Matt Knise, SVP, Premium Products and Experiences at Capital One.

“Our culture of innovation to delight customers has been key to our rapid growth. We are excited to join forces with Capital One, who shares this passion. Capital One is a unique company. Still founder-led, Capital One’s entrepreneurial spirit and customer-first, tech-led culture align beautifully with ours. Its decades of experience disrupting the status quo will be invaluable in further scaling the Velocity Black business. Together we will continue to pioneer best-in-class customer experiences for the digital age.” – Zia Yusuf, co-founder and CEO of Velocity Black.