Volopay said to close $2.1m in funding to support its next growth phase

Volopay, which supplies companies with a financial control centre, has reportedly collected $2.1m in funding.

Tinder co-founder Justin Mateen served as the lead investor, with commitments also coming from Soma Capital, CP Ventures, Y Combinator, VentureSouq, the founders of Razorpay, Antler and other angel investors, according to a report from TechCrunch.

With the capital injection, Volopay hopes to hire more staff, increase product development, complete more strategic partnerships and continue international expansion.

The Singapore company offers a financial control centre, which offers a fully integrated suite of financial tools. Its product features include expense, subscription, invoice, business account, credit and corporate travel management tools.

Businesses can issue physical and virtual cards to employees, with the ability to control, track and set spending tools to each one. Firms can also complete domestic and international money transfers.

Earlier in the week, German corporate credit card Moss reportedly collected $25.5m in a new funding round. The FinTech provides businesses with a corporate credit card that empowers them to control their employee spending, automate accounting and manage subscriptions.

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