Volt secures $60M+ in funding for open banking payments and infrastructure.
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.