About Volopay
Volopay is a company based in Singapore (Singapore) founded in 2020 by Rajith Shaji and Rajesh Raikwar. Volopay has raised $31.25 million across 5 funding rounds from investors including Rapyd, VentureSouq and Antler. The company has 103 employees as of April 07, 2024. Volopay offers products and services including Corporate Cards, Expense Management, Business Accounts, Accounts Payables, and ERP Integration. Volopay operates in a competitive market with competitors including Intuit, Xero, FreshBooks, Sodexo and Spenmo, among others.
- Headquarter Singapore, Singapore
- Employees 103 as on 07 Apr, 2024
- Founders Rajith Shaji, Rajesh Raikwar
-
Sectors
TechnologyTravel & Hospitality Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Volopay India Private Limited
- Date of Incorporation 26 Oct, 2021
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$710.88 K (USD)53265026.13as on Mar 31, 2023
-
Net Profit
-$940.79 K (USD)-71504.06as on Mar 31, 2023
-
EBITDA
-$934.42 K (USD)-70947.25as on Mar 31, 2023
-
Total Equity Funding
$31.25 M (USD)
in 5 rounds
-
Latest Funding Round
$29 M (USD), Series A
Mar 01, 2022
-
Investors
Rapyd
& 17 more
-
Employee Count
103
as on Apr 07, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Volopay
Volopay offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Business Accounts, Accounts Payables, and ERP Integration.
Physical and virtual cards for managing business expenses securely
Platform to track and simplify employee expense claims
Global account for money transfers and multi-currency payments
System for invoice management and vendor payments
Seamless connection with accounting systems like Quickbooks
People of Volopay
Unlock access to complete
Funding Insights of Volopay
Volopay has successfully raised a total of $31.25M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $29 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Volopay
Volopay has secured backing from 18 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Rapyd, VentureSouq and Antler.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Angel investments in early-stage ventures are managed by VentureSouq.
|
Locked | Locked | Locked | |
|
Early-stage investing and founder support services are offered globally by Antler.
|
Locked | Locked | Locked | |
|
Venture capital fund investing in multiple sectors
|
Locked | Locked | Locked |
Investor details for Volopay
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Volopay
Investment portfolio details for Volopay
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Volopay
Detailed financials for Volopay
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Volopay Comparisons
Peer comparison for Volopay
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Volopay
Volopay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Xero, FreshBooks, Sodexo and Spenmo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial and accounting software is developed for businesses and individuals.
|
|
| Locked | Locked | Locked |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| Locked | Locked | Locked |
Cloud-based invoicing and accounting software is offered for businesses.
|
|
| Locked | Locked | Locked |
Employee benefits payment cards are provided via an online platform.
|
|
| Locked | Locked | Locked |
Cloud-based corporate cards and expense management solutions are offered.
|
Detailed competitors of Volopay
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Volopay
Complete news archive for Volopay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Volopay
Volopay was founded in 2020.
Volopay is headquartered in Singapore, Singapore.
Rajith Shaji is the current CEO of Volopay. They have also founded this company.
Volopay is a funded company, having raised a total of $31.25M across 5 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Volopay is 103.
Annual revenue of Volopay is $710.88K as on Mar 31, 2023.
Volopay was founded in 2020 in Singapore as a fintech platform focused on spend management. Solutions for bill payments, corporate credit cards, expense approvals, employee reimbursements, accounting automation, and accounts payable are provided. Financial management tools are included to handle business transactions such as subscriptions, travel, advertising, and vendor payouts. Operations are centered in Singapore.
Volopay's top competitors include Intuit, Xero and FreshBooks.
Volopay offers Corporate Cards, Expense Management, Business Accounts, Accounts Payables, and ERP Integration.
Volopay has 18 investors. Key investors include Rapyd, VentureSouq, Antler, Jitendra Gupta, and Amrish Rau.