Volt, a UK based mostly infrastucutre-real-time fee firm, declares that it has raised a $60 million Collection B to fund enlargement into new worldwide markets equivalent to APAC and the Americas – and help product growth in present markets throughout Europe, the UK and Brazil. Following London Tech Week, this funding from IVP, one among Silicon Valley’s main buyers, alerts a vote of confidence within the UK’s fintech sector.
The funding spherical was led by IVP, a Silicon Valley-based agency that has a 40+ yr monitor file backing firms like Coinbase, Slack and Supercell (be aware that full funding by IVP is topic to regulatory approval within the international locations through which Volt is regulated). New investor, CommerzVentures, can be collaborating on this Collection B spherical together with present funds, together with EQT Ventures, Augmentum Fintech PLC and Gas Ventures.
Volt, which is presently obtainable throughout the UK, Europe and Brazil, plans to carry its pioneering real-time funds expertise to APAC with an Australian market entry deliberate for later in 2023, and in addition has its sights set on the US market. In an effort to proceed innovating for purchasers, the corporate plans to make use of this Collection B funding to construct out its community of acceptance and world attain, and to reinforce its product suite to incorporate money administration, whereas additionally considerably bolstering its product and engineering groups.
Tom Greenwood, CEO of Volt, feedback:
Tom Greenwood
“Testomony to our progress and our imaginative and prescient for real-time funds in all places, we’re thrilled to be working with our new companions at IVP, becoming a member of their portfolio of main world manufacturers. We’re staying targeted, and humble, as we embark on this subsequent chapter.”
Based in 2019, Volt has established itself as a number one world real-time funds supplier, and is forging the trail by bringing collectively new technology account-to-account (A2A) funds infrastructure to a single level of entry. This funding builds on Volt’s momentum, with latest wins together with a worldwide partnership for real-time funds with the world’s largest service provider acquirer, Worldpay from FIS, and teaming up with Shopify to turn into the commerce platform’s first open banking supplier.
Stefan Tirtey, Managing Companion at CommerzVentures, provides:
Stefan Tirtey
“We’re excited by Volt’s progress thus far in its mission to ship the primary world real-time fee community. With its sturdy management staff, technical experience and industrial prowess, we imagine it’s properly positioned to ship on the potential of A2A funds. We sit up for seeing what the long run holds.”
Featured picture credit score: Tom Greenwood, CEO of Volt and Eric Liaw, Common Companion at IVP. Background picture edited from Freepik.
