Volt, a London, UK-based company building a global infrastructure for real-time payments, raised $60M in Series B funding.
The round led by IVP, with participation from CommerzVentures, EQT Ventures, Augmentum Fintech PLC and Fuel Ventures.
The company intends to use the funds to accelerate expansion into new international markets such as APAC and the Americas – and support product development in existing markets across Europe, the UK and Brazil.
Founded in 2019 and led by CEO Tom Greenwood, Volt is building the infrastructure for global instant payments. Today, its open payments gateway allows merchants and PSPs to process transactions securely between accounts held at more than 5,000 banks in the UK, the EU and Brazil. Its aggregation model provides an open payments reach and maximises the speed, security and resilience of transactions.
Volt, which is currently available across the UK, Europe and Brazil, plans to bring its real-time payments technology to APAC with an Australian market entry planned for later in 2023, and also has its sights set on the US market.
This investment builds on Volt’s groeht, with recent wins including a global partnership for real-time payments with the world’s largest merchant acquirer, Worldpay from FIS, and teaming up with Shopify to become the commerce platform’s first open banking provider.
FinSMEs
22/06/2023