Tech Company Financing Transactions
Volt Funding Round
On 6/21/2023, Volt received $60 million in Series B funding from IVP, Augmentum Fintech and CommerzVentures.
Transaction Overview
Company Name
Announced On
6/21/2023
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series B
Investors
Proceeds Purpose
It will be using for international expansion and to expand its product. The company currently is active in the U.K., Europe and Brazil, regions that have put some open banking structure in place and are seeing a number of banks moving to build and enable APIs. Altogether, there are some 70 countries that now have open banking, account-to-account structures in place, but there is little in the way of harmonization in standards, giving companies like Volt an opportunity to build out international payments that work across those borders.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Melcombe Place 12 Melcombe Place
London, England, NW1 6JJ
UK
London, England, NW1 6JJ
UK
Phone
Undisclosed
Website
Email Address
Overview
When Volt launched in 2019, we recognised how open banking has the power to transform how businesses, wherever they happen to be, receive payments from their customers. So, we set about building an open payments super gateway that enables merchants across the globe to receive direct, account-to-account payments -- in real time. Now, on the back of a record-breaking $23.5 million Series A funding round -- and having brought together the most experienced, trusted names in payments -- we're powering a real-time payments revolution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Greenwood
Chief Operating Officer
Steffen Vollert
Co-Founder
Jordan Lawrence
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