back Back

Volt raises $60m Series B round led by Silicon Valley investor IVP

By Gloria Methri

June 22, 2023

  • A2A Payments
  • Americas
  • APAC

Volt, Payment Technology, FinTech, Europe, Series B Funding, Silicon Valley, IVPVolt, the company building the global infrastructure for real-time payments, has raised a $60 million Series B to fund expansion into new international markets such as APAC and the Americas. The funds will also support Volt’s product development in existing markets across Europe, the UK, and Brazil.

The investment round was led by IVP, a Silicon Valley-based firm that has a 40+ year track record backing companies like Coinbase, Slack, and Supercell. New investor, CommerzVentures, also participated in this Series B round along with existing funds EQT Ventures, Augmentum Fintech PLC, and Fuel Ventures.

Volt, which is currently available across the UK, Europe, and Brazil, plans to bring its real-time payments technology to APAC, with an Australian market entry planned for later in 2023 and has also sights set on the US market.

The company plans to use this Series B investment to build its network of acceptance and global reach and to enhance its product suite to include cash management, while also bolstering its product and engineering teams.

Tom Greenwood, CEO of Volt, said, “Testament to our progress and our vision for real-time payments everywhere, we are thrilled to be working with our new partners at IVP, joining their portfolio of leading global brands. We are staying focused, and humble, as we embark on this next chapter.”

Founded in 2019, Volt is a global real-time payment provider that brings together new generation account-to-account (A2A) payments infrastructure to a single point of access. This investment builds on Volt’s momentum, with recent wins including a global partnership for with Worldpay from FIS, and teaming up with Shopify to become the commerce platform’s first open banking provider.

“True to its name, Volt is creating an electrifying global network for instantaneous, secure, and cost-effective A2A payments. The wisdom and experience of the founders accrued at transformative payments companies, coupled with the talented employees at the company, strongly position Volt to give merchants and payment partners the lightning-fast, best-in-class payment solution they’ve wanted and needed,” said Eric Liaw, General Partner at IVP.

Previous Article

June 22, 2023

5 InsurTech companies disrupting the South African insurance industry          

Read More
Next Article

June 22, 2023

Lloyds Banking Group to invest in new technology centre in India

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

A2A Payments

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, 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


Nuvei and Mastercard team to enable crypto to fiat conversion

Read More


Payset and ClearBank partner for local and cross-border payments

Read More


Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
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!
Get your copy now! IBSi Sales League Table 2024