Volt Secures $60M in Series B Funding Led by Renowned Silicon Valley Firm, IVP
Fintech Innovator Volt to Bolster Global Expansion and Product Development Following a Significant Investment in its Vision for Real-Time Payments
Funding Round Info:
Fintech firm Volt has successfully raised $60 million in a Series B funding round, primarily led by Silicon Valley investor IVP. Other contributors to this round include new investor CommerzVentures, as well as returning backers EQT Ventures, Augmentum Fintech PLC, and Fuel Ventures. Volt, renowned for its global infrastructure for real-time payments, plans to channel these funds towards expansion into new international markets, including the Asia-Pacific region and the Americas, as well as fostering product development in its established markets. The successful round underscores growing confidence in the UK's fintech sector. The next step for Volt, which already has a presence in the UK, Europe, and Brazil, is to introduce its innovative real-time payments technology in Australia by the end of 2023, with plans to eventually enter the US market.
About Volt:
Volt, a fintech company established in 2019, is pioneering the development of global infrastructure to facilitate instant payments. Its advanced open payments gateway empowers merchants and Payment Service Providers (PSPs) to securely process transactions between accounts across more than 5,000 banks in the UK, the EU, and Brazil. Leveraging a unique aggregation model, Volt offers unmatched open payments reach, greatly enhancing the speed, security, and reliability of transactions.
About IVP:
IVP is a premier investment firm dedicated to aiding emerging companies grow into sustainable market leaders. With a remarkable track record spanning 40 years and encompassing 130+ IPOs, IVP has partnered with over 400 companies. Some of these notable partnerships include renowned names like Amplitude, Brex, Coinbase, Crowdstrike, Datadog, Discord, Klarna, Slack, Snap, and Twitter. As reliable allies, IVP provides support to founders and CEOs, helping them navigate the challenges associated with leading rapidly growing companies. Renowned for its selectiveness, proven results, pragmatic approach, and authenticity, IVP walks alongside ambitious enterprises, guiding them towards extraordinary outcomes.
About EQT Ventures:
EQT Ventures is a multi-stage venture capital fund committed to partnering with the most ambitious and innovative founders across Europe and the US. The Luxembourg-based fund has investment advisors located in major cities including Stockholm, Amsterdam, London, San Francisco, Berlin, and Paris. Powered by some of Europe's most seasoned company builders and scalers, EQT Ventures provides both capital and hands-on support to assist the next wave of entrepreneurs in their quest to build globally successful companies.
About Augmentum Fintech:
Augmentum Fintech is a leading investment company dedicated to investing in rapidly expanding fintech businesses that are transforming the financial services sector. Distinguished as the UK's only publicly listed investment company focused exclusively on the fintech sector, Augmentum was launched on the main market of the London Stock Exchange in 2018. It offers businesses access to patient capital and support, not bound by traditional fund timelines. Moreover, it grants public market investors access to a predominantly privately held investment sector during its principal growth stage, in both the UK and wider Europe.
About CommerzVentures:
Established in 2014, CommerzVentures is a dedicated fintech investor with €550 million under management. It specializes in supporting early and growth-stage companies within the fintech, insurtech, and Climate FinTech sectors. As a returns-driven investor primarily focused on Europe, CommerzVentures also incorporates a global strategy that includes regions like Israel, the USA, and Africa.