Volante Technologies, which offers payments and financial messaging solutions via the cloud, has bagged $35m in its latest equity round.
The round was led by Wavecrest Growth Partners, with contributions also coming from BNY Mellon, Citi Ventures, PostePay and Visa Inc.
With the funding burst, the company will increase its cloud expansion, and enter new countries market segments and industry verticals.
Volante was founded in 2001 and has built a range of technology services that empower businesses to simplify and automate their payments, capital markets and financial messaging capabilities. Its clients include banks, market infrastructures, exchanges, clearing houses, corporate treasuries, and card networks.
Wavecrest co-founder and managing partner Vaibhav Nalwaya said, “Volante has built an impeccable reputation as a FinTech that can quickly enter and dominate new markets. Shortly after launching their Volante Designer financial messaging platform, they became providers to some of the world’s largest custodians and exchanges.
“Two years after entering the payments arena with VolPay, they processed the first U.S. real-time payment. Today, they can count four of the top five corporate banks among their more than one hundred customers.”
As part of the deal, Nalwaya will join the Volante board of directors.
This investment is the first outside source of capital raised by the FinTech after nearly two decades of operations, it claims.
Copyright © 2020 FinTech Global
