Volt secures $60M+ in funding for open banking payments and infrastructure.
TL;DR Summary
UK-based fintech Volt has raised $60m in a Series B funding round led by IVP, with participation from CommerzVentures, EQT Ventures, Augmentum Fintech and Fuel Ventures. The company, which integrates with 5,000 banks in the UK, Europe and Brazil, will use the funds to expand internationally and develop its product. Volt's services include online payments, payments by link and recurring payments. The company's gross margins on transactions are over 80%, according to CEO Tom Greenwood.
- Volt, an open banking fintech for payments and more, raises $60M at a $350M+ valuation TechCrunch
- Real-time payments infrastructure provider Volt recharges with another $60 million Tech.eu
- Payments provider Volt scores £47m Series B round UKTN (UK Technology News
- Peak XV backs Digantara; Volt Money, three others collect early-stage funding VCCircle
- Volt Money raises $1.5 Mn in pre-seed round Entrackr
- View Full Coverage on Google News
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