back Back

Volante Technologies raises $66m led by Sixth Street Growth

By Delisha Fernandes

November 08, 2023

  • Bny Mellon
  • Cloud Payments
  • Digital Transformation
Share

Volante Technologies, Cloud Payments, Financial Messaging, BNY Mellon, Poste Italiane, SEPA Instant Payments, PaaS, Digital Transformation, USAVolante Technologies, a cloud payments modernisation provider, has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital.

Nari Ansari, Managing Director at Sixth Street Growth, said, “Volante provides the fastest on-ramp to payments innovation for financial businesses seeking to modernize legacy systems, and Volante’s Payments as a Service and underlying low-code payments platform offers a compelling value proposition.”

Ansari continued, “With financial institutions increasingly prioritizing both investment in payments modernization and partnerships with fintech companies, this is an ideal time to expand Volante’s reach. We are investing in Volante because we are confident they have a clear advantage over legacy providers and challengers and are best positioned to capitalize on the growth opportunity and further outpace their competitors.”

This latest round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116 million.

Vijay Oddiraju, CEO, Volante Technologies, said, “We welcome Sixth Street Growth and its deep expertise supporting the growth of payments and fintech businesses to Volante. This latest investment will further accelerate our product roadmap for our customers, particularly in global real-time payments, UK New Payments Architecture (NPA), and domestic and cross-border ISO 20022 modernization.”

Oddiraju continued, “It will also allow us to expand the reach of our Payments as a Service offering further into the mid-tier bank segment, especially in the U.S. and Europe where FedNowTM Instant Payments, The Clearing House RTP®, and SEPA Instant Payments, respectively, are driving the adoption of modern payments technology.”

Previous Article

November 07, 2023

5 Card Issuing platforms diversifying payment options in the UK

Read More
Next Article

November 08, 2023

NSE and Government of Uttarakhand team to strengthen SMEs in the state

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Bny Mellon

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024