About Volopay
Volopay is a Technology company based in Singapore (Singapore) founded in 2020 by Rajith Shaji and Rajesh Raikwar. Spend management platform for business payments and expenses is offered. It operates in the Technology, Travel & Hospitality, and Financial Services sectors. Volopay has raised $31.25 million across 5 funding rounds from investors including Rapyd, VentureSouq and Antler. The company has 103 employees. Its chief executive, as recorded, is Rajith Shaji. Its website volopay.com draws about 121 thousand monthly visits. Its Indian entity Volopay India Private Limited reported revenue of ₹8.50 Cr. Volopay offers products and services including Corporate Cards, Expense Management, Business Accounts, Accounts Payables, and ERP Integration. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite.
Company details
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.
- Headquarters Singapore, Singapore
- Employees 103
- Founders Rajith Shaji, Rajesh Raikwar
- SectorsTechnologyTravel & Hospitality Financial Services
- Email••••••••
- Phone•••• ••••
- Website volopay.com
- Social LinkedIn X Facebook Instagram
- Legal Name Volopay India Private Limited
- Date of Incorporation 26 Oct, 2021
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹8.50 Cr
FY 2025 · -10% YoY
- Indian entity net loss-₹2.64 Cr
FY 2025 · -31% margin
- Indian entity EBITDA-₹2.74 Cr
FY 2025 · -32% margin
- Total Equity Funding$31.25M (USD)
in 5 rounds
- Latest Funding Round$29M (USD), Series A
Mar 2022
- InvestorsRapyd
& 17 more
- Employee Count103
Associated legal entities of Volopay
Volopay operates through Volopay India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Volopay India Private Limited CIN U67190KA2021FTC153594 | Active | 26 Oct 2021 | Bangalore, Karnataka | ₹8.5 Cr | 103 | 3 | View details |
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
Apps and channels of Volopay
Volopay publishes 2 mobile apps with over 5K+ downloads.
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.
- Total Funding $31.25M
- Total Rounds 5
- Last Round Series A — $29M
- Investors Count 18
All 5 funding rounds of Volopay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | Debt – Conventional | – | – | ||
| Mar 2022 | $29M | Series A | – | JAM Fund, Justin Mateen | |
| Jan 2021 | $2.1M | Seed | – | Justin Mateen | |
| Aug 2020 | $150,000 | Seed | – | Y Combinator | – |
| Jul 2020 | Seed | – | Antler | – |
18 investors in total: 10 institutional and 8 angel.
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. | venturesouq.com | Dubai, United Arab Emirates | ||
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Venture capital fund investing in multiple sectors | jamfund.com | Las Vegas, United States | ||
Venture capital investments are managed by Winklevoss brothers' family office. | winklevosscapital.com | New York, United States | ||
Provider of asset-backed loans to small businesses and consumers in emerging markets | accialcapital.com | Westborough, United States | ||
Access Ventures is focused on early-stage venture capital investments. | accessvc.co | Seoul, South Korea | ||
Early-stage investments are provided by Soma Capital to startups. | somacap.com | San Francisco, United States | ||
Pre-seed and seed stage investments are targeted by CP Ventures. | cp.ventures | Sydney, Australia | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Global payment solutions are provided by Rapyd to businesses worldwide. | 2016 | rapyd.net | London, United Kingdom |
Investor details for Volopay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Volopay India Private Limited (Volopay)
Volopay India Private Limited is the primary company behind Volopay. The board of Volopay India Private Limited currently have 3 directors; the longest-serving is Rajesh Raikwar, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Raikwar DIN 07113144 | Director | 26 Oct 2021 | 5 yrs | Volopay India Private Limited |
| Rajith Shaji DIN 03302029 | Director | 01 Aug 2022 | 4 yrs 3 mo | Volopay India Private Limited |
| Priyanka Srivastava DIN 07367769 | Company Secretary | 26 Feb 2025 | 1 yr 8 mo | Volopay India Private Limited |
People of Volopay
42 people are tracked at Volopay (6 in leadership, 36 in team); the tracked headcount is 103.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Manjunath Jadhav | Director - Customer Success & Operations (Global) | Leadership |
Pranav Harish | Head Of Growth & Marketing | Leadership |
Kashish Gupta | VP Of Sales And Revenue | Leadership |
Runalim Sarma | Head of Customer Success (Global) | Leadership |
Pompi Dutta | Customer Success Manager | Team |
Kavita S. | Customer Success Operations Manager Global | Team |
Chaitra Ananda | Business Development Team Lead | Team |
Shreya C. | Inside Sales Representative | Team |
Neema Thomas | LDR Team Lead - India | Team |
Ria Solomon | Senior Inside Sales Representative | Team |
Gopi Krishnan Pillai | Sales Business Development | Team |
Akshay Kumar | Sales Account Executive | Team |
Pallavi Varma | Marketing Manager | Team |
Lee Hein | Finance Advocate | Team |
HARI PRASAD | Back End Developer | Team |
Jayakumar P | Senior Product Developer | Team |
Shresth Basu | Sales Development Representative | Team |
Rishabh Batra | Senior Sales Manager | Team |
22 more people are available in the full profile.
Complete people profiles for Volopay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Volopay
Figures of Volopay India Private Limited, the primary company behind Volopay, for FY 2025. Revenue was ₹8.50 Cr (-10% year on year). Net loss was -₹2.64 Cr (-31% margin). EBITDA was -₹2.74 Cr (-32% margin). Revenue has grown at a compounded annual rate of +9075% over three years.
- ₹8.50 CrRevenue · FY 2025 · -10% YoY
- -₹2.64 CrNet loss · -31% margin
- -₹2.74 CrEBITDA · -32% margin
- ₹10.84 CrPaid-up capital
- 103Employees (provident fund records)
- +9075%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Volopay India Private Limited are on its company page.
Detailed financial statements for Volopay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Volopay
3 dated milestones of Volopay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Volopay is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $29.0M.
Web traffic of Volopay
The website of Volopay (volopay.com) receives about 120.7K visits a month.
- Monthly visits120.7K
▲ 31.6% vs previous month
Websites whose visitors overlap most with Volopay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ezzocard.com | 100% | View details | |||
| enkash.com | 99% | 67.3K | #469,416 | View details | |
| fueladream.com | 98% | 47.2K | #683,692 | View details | |
| catapooolt.com | 92% | 2.8K | #4,962,491 | View details | |
| omnicard.in | 85% | 35K | #858,900 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Volopay
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Related news about Volopay
Complete news archive for Volopay
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Frequently Asked Questions about Volopay
Volopay was founded in 2020.
Volopay is headquartered in Singapore, Singapore.
Rajith Shaji is the CEO of Volopay, as recorded in our data. They have also founded this company.
Volopay is a funded company, having raised a total of $31.25M across 5 funding rounds to date.
Volopay has 103 employees.
The primary company behind Volopay, Volopay India Private Limited, reported revenue of ₹8.50 Cr for FY 2025, down 10% year on year.
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 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.
Volopay operates through Volopay India Private Limited.
The legal entities of Volopay currently have 3 directors, including Rajith Shaji, Rajesh Raikwar, Priyanka Srivastava.
Yes. Volopay publishes Volopay and 1 more app, with over 5,000 downloads.