Volt, a leading global real-time payments provider, has successfully raised a $60m Series B investment round.
The firm, which is forging the path in the FinTech industry by providing an innovative account-to-account (A2A) payments infrastructure through a single point of access, is currently operating across the UK, Europe, and Brazil.
The round was led by prominent Silicon Valley investor, IVP. This seasoned investment firm has a strong track record, with previous investments in renowned companies such as Coinbase, Slack, and Supercell.
The Series B round also saw participation from a new investor, CommerzVentures, as well as existing funds, including EQT Ventures, Augmentum Fintech PLC, and Fuel Ventures.
At the core of Volt’s operations is its pioneering real-time payments technology. With a view to facilitating quick and secure transactions, Volt’s platform brings together new generation A2A payments infrastructure at a single point of access. The company’s unique aggregation model bolsters the speed, security, and resilience of transactions, making it an attractive proposition for merchants and PSPs across the globe.
The funds secured in this Series B round will support Volt’s ambitious expansion plans. The firm has set its sights on entering the APAC and US markets, with an Australian market entry planned for later in 2023. In addition, Volt intends to enhance its product suite to include cash management and plans to significantly bolster its product and engineering teams.
Volt’s trajectory has been positively impressive with a series of recent wins. This includes securing a global partnership for real-time payments with the world’s largest merchant acquirer, Worldpay from FIS, and becoming the first open banking provider for commerce platform, Shopify.
Volt CEO Tom Greenwood said, “Testament to our progress and our vision for real-time payments everywhere, we’re thrilled to be working with our new partners at IVP, joining their portfolio of leading global brands. We’re staying focused, and humble, as we embark on this next chapter.” Additionally, IVP General Partner Eric Liaw and Partner Angela Zhu, as well as partners from EQT Ventures, Augmentum, and CommerzVentures, also expressed their enthusiasm and confidence in Volt’s capabilities and future growth.
While no previous investments have been explicitly stated in this press release, it’s clear that Volt has gathered significant momentum since its establishment in 2019, demonstrated by its successful collaborations and its recently secured Series B funding.
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