Company Database - Volt

Real-time payments, everywhere

Website

volt.io

Company description

Volt is building the next-generation payment network that is global, instant, and interoperable - connecting real-time payments everywhere.

Active since

2019

Head office

London

Country offices in

Poland (Krakow, Warsaw), The Netherlands (Amsterdam), Germany (Berlin), Malta, Brazil (Sao Paulo)

Founder(s)

Tom Greenwood (Founder), Jordan Lawrence (Co-founder), Steffen Vollert (Co-founder)

Funding rounds and investors

USD 23.5m Series A led by EQT Ventures, with  Augmentum Fintech PLC and Fuel Ventures participating, in addition to angel investors Robert Kraal and Gabriel de Montessus.

USD 60m Series B led by IVP, with CommerzVentures, EQT Ventures, Augmentum Fintech PLC, and Fuel Ventures participating.

Number of employees

160

Member of industry association and/or initiatives

Member of the Open Finance Association

Awards

Paytech for Good Award 2023, Fintech Futures

Contact

Charlie Gilbert - 07872 958340, charlie.gilbert@volt.io

Core solution

The company`s core solutions

Pay by Bank, which we standardise in our core markets of the UK, Europe, and Brazil. We offer value-add products such as Connect (cash management), Circuit Breaker (fraud prevention), and Verify (AIS: bank account verification).

What problem does the company solve?

Fundamentally, we utilise A2A technology to help merchants lower the cost of payment acceptance and benefit from instant settlements. More specifically, we unite real-time payment schemes such as Faster Payments in the UK and SEPA in Europe to a single standard and point of access, in effect creating the world's first real-time payment network.

Major use cases & products

Please see the products section of Volt.io. Use cases are detailed in most of our product pages.

Competitive advantage

Our geographic reach and product depth are what sets us apart from our competitors. 

Geographical coverage

UK, EU, Brazil

Connected banks

Approx 5,000

Account coverage across countries/regions

We're connected to more than 5,000 banks across the UK, Europe and Brazil.

Do you offer a developer portal? 
What tooling do you provide for developers?
Do you provide sandboxes and a testing environment?

Developer portal: https://docs.volt.io/
Yes, we provide both sandbox and production environments.

Number of total end users

350.000

Target market

Target segments/industries

Ecommerce, wealth tech, travel

Current customers

Farfetch, Kiwi.com, Logitravel

Technology

When was the core technology developed 2020

Partners

Technology partners

Yapily, Token

Case studies

Case studies – examples

https://www.volt.io/vault/customer-stories/chalinga-pix-volt/

Product roadmap

Planned features and releases/future plans

We're going live in Australia in Q4 2023, with the US and India on our roadmap. Our recently secured EMI licence will allow us to evolve our flagship product, Connect, and soon offer Volt Accounts as a standalone product.