After IVP led a Series B funding round that brought in $60 million, Volt, an open payments platform based in London, is going after the Asia-Pacific and American markets.
The round was made up of CommerzVentures, EQT Ventures, Augmentum Fintech, and Fuel Ventures.
Volt was started in 2019 and offers easy access to Open Banking payments in Europe. It connects over 5,000 banks in the UK and EU and brings together a new generation of infrastructure for account-to-account payments into a single point of entry.
The company has also set up shop in Brazil and plans to enter the Australian market later in 2023. It also has its sights set on the US market.
Angela Zhu, partner, IVP, says:
“As over 70 countries, including the US, transition to RTP systems, merchants are experiencing the immense benefits of instant, secure, and cost-effective A2A payments.
With the value of A2A payments in e-commerce transactions set to reach $757 billion by 2026, Volt is well positioned to redefine the future of payments on a global scale.”
