Volante Technologies Raises $66M in Latest Funding Round

Published 7 months ago

Fintech company Volante Technologies has secured $66 million in a funding round spearheaded by Sixth Street Growth. This round also saw contributions from Wavecrest Growth Partners and Wells Fargo Strategic Capital.

A Growing Investment

This latest funding round brings Volante’s total outside investment to a significant $116 million since its initial fundraising in 2020. This followed two decades of the company’s organic growth.

Services and Reach

Volante’s Payments-as-a-Service and its underlying low-code platform are capable of processing millions of mission-critical transactions and trillions in value on a daily basis. The firm’s technology is real-time ready, API enabled, and ISO 20022 fluent. Four of the top five global corporate banks, two of the largest card networks worldwide, and 66% of US commercial deposits are powered by Volante’s technology.

Roadmap and Expansion

Vijay Oddiraju, CEO of Volante, shared that this recent investment will accelerate the company’s product roadmap, particularly in global real-time payments, UK New Payments Architecture (NPA), and domestic and cross-border ISO 20022 modernization.

Oddiraju also mentioned that the funds would enable the company to broaden the reach of their Payments as a Service offering into the mid-tier bank segment. This expansion will be especially focused in the US and Europe, where FedNow Instant Payments, The Clearing House RTP, and Sepa Instant Payments are driving the adoption of modern payments technology.

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