Volt is a technology company.
Volt has raised $28.0M across 2 funding rounds.
Volt has raised $28.0M in total across 2 funding rounds.
Volt has raised $28.0M in total across 2 funding rounds.
Volt's investors include 500 Global, Carao Ventures, Mercury Fund, Newtopia VC, Uncorrelated Ventures, Wollef Ventures, Renaud Laplanche, Atento Capital.
Volt.io is a London-based fintech company founded in 2019 that builds a global "network of networks" for real-time account-to-account (A2A) payments using open banking technologies.[1][2][4][6] It enables businesses in sectors like retail, travel, wealth, gaming, and crypto to send and receive money instantly, securely, and cost-effectively, streamlining operations and enhancing customer experiences with rapid integration into existing systems.[1][2][6] With $83.5M raised, 230 employees, $34.2M revenue, and CEO Tom Greenwood at the helm, Volt.io has achieved strong growth through expansions into Brazil and Australia, partnerships with Worldline and Worldpay, and regulatory wins like UK EMI and Polish Payment Institution licenses.[1][2][4]
The platform addresses inefficiencies in traditional payments by offering real-time processing without intermediaries, reducing costs and fraud while supporting global e-commerce scalability.[4][6]
Volt.io was founded in 2019 by Tom Greenwood, who recognized open banking's potential to transform global business payments.[1][2][4] Greenwood, now CEO, launched the company to create a harmonized network connecting domestic real-time payment schemes worldwide, starting with the UK.[4][6] Early traction came quickly: by November 2020, the first merchants went live; June 2021 brought a $23.5M Series A; and expansions followed, including Brazil in November 2021 and Australia in November 2023.[4] Pivotal moments include the $60M Series B in June 2023, major partnerships like Worldpay, and securing e-money licenses, fueling its evolution into a multi-continent player.[1][4]
Volt.io rides the global real-time payments (RTP) wave, where 80+ countries have launched domestic schemes, driven by open banking regulations and demand for faster, intermediary-free transactions.[4][6] Timing is ideal amid e-commerce growth and RTP adoption, countering card networks' high fees and fraud—market forces favoring A2A include cost savings (up to 80% lower), instant settlement, and rising consumer preference for bank-direct payments.[1][6] It influences the ecosystem by harmonizing fragmented networks, enabling merchants' global scalability, and accelerating RTP revolutions in emerging markets like Brazil and Australia, much like how Plaid standardized open banking data.[2][4]
Volt.io is poised to dominate as the go-to global RTP platform, with plans to integrate more domestic networks and expand reach, potentially capturing share from legacy systems as RTP goes mainstream in the US and beyond.[6] Trends like AI-driven fraud prevention, embedded finance, and regulatory pushes for open banking will propel growth, evolving its influence from regional enabler to indispensable infrastructure for e-commerce giants. As real-time payments become the norm, Volt.io's network effects will solidify its lead, delivering the lightning-speed money movement it promised from day one.[4][6]
Volt has raised $28.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $3.0M Seed | 500 Global, Carao Ventures, Mercury Fund, Newtopia VC, Uncorrelated Ventures, Wollef Ventures, Renaud Laplanche | |
| Jun 1, 2021 | $25.0M Seed | Atento Capital, Mercury Fund, Newtopia VC, Uncorrelated Ventures |