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Volante Technologies gets USD 10 mln investment from Wells Fargo

Wednesday 20 October 2021 14:19 CET | News

US-based Volante Technologies has received USD 10 million in growth funding from Wells Fargo Strategic Capital, bringing the total institutional investment to date to USD 45 million.

With this investment, the bank’s growth capital unit joins several global institutional and strategic investors who committed to the previous capital raise led by Wavecrest Growth Partners in August 2020. 

At a key inflection point, the company is now looking to bring its technology to a wider range of participants, helping them evolve past their legacy limitations. As part of this mission, it will deepen collaboration with existing clients, and further increase the breadth of its ecosystem partnerships.  

Recently, Wells Fargo initiated a strategic payments modernisation effort by migrating to the ISO 20022 financial messaging standard across its global payments operations, for which it selected Volante for ISO 20022 migration and Modernisation.

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Keywords: partnership, funding, ACH, PaaS, Open Banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech