About Volt
Volt is a company based in London (United Kingdom) founded in 2019 by Steffen Vollert and Jordan Lawrence. It operates as a FinTech, and API-as-a-Product. Volt has raised $84.18 million across 3 funding rounds from investors including Fuel Ventures, Augmentum Fintech and IVP. Volt offers products and services including Instant Payments, Refunds, Payouts, Volt Accounts, and Virtual IBANs. Volt operates in a competitive market with competitors including Zeta, Tink, M2P Fintech, Banked and Yapily, among others.
- Headquarter London, United Kingdom
- Founders Steffen Vollert, Jordan Lawrence
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Volt
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$84.18 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Jun 21, 2023
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Investors
Fuel Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Volt
Volt offers a comprehensive portfolio of products and services, including Instant Payments, Refunds, Payouts, Volt Accounts, and Virtual IBANs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time payments are enabled through bank accounts globally.
Real-time refunds are provided to customer bank accounts.
On-demand payouts are sent to consumer bank accounts.
Customer funds visibility is combined with critical functionality.
Deposits and top-ups are reconciled instantly at scale.
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Funding Insights of Volt
Volt has successfully raised a total of $84.18M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in June 2023. 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 Total Funding
- Total Rounds 3
- Last Round Series B — $60.0M
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First Round
First Round
(16 Dec 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Volt | Valuation | IVP | |
| Jun, 2021 | Amount | Series A - Volt | Valuation | EQT Ventures | |
| Dec, 2020 | Amount | Seed - Volt | Valuation | Augmentum Fintech |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Volt
Volt has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Fuel Ventures, Augmentum Fintech and IVP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to FinTech startups by CommerzVentures.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Volt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Volt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Volt Comparisons
Competitors of Volt
Volt 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 Zeta, Tink, M2P Fintech, Banked and Yapily, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Platform offering open banking API solutions for payment infrastructure to banks and businesses
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Volt
Frequently Asked Questions about Volt
When was Volt founded?
Volt was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Volt located?
Volt is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Volt a funded company?
Volt is a funded company, having raised a total of $84.18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $682.46K, raised on Dec 16, 2020.
What does Volt do?
Volt is established as a leader in real-time payment solutions, focusing on creating the worlds first global real-time payment network. Payments are facilitated through direct bank account transactions, enabling instant transfers across borders without intermediaries. Various industries such as retail, travel, wealthtech, gaming, and crypto are served by offering optimized payment solutions. Products like Instant Payments, Refunds, Payouts, Volt Accounts, and Virtual IBANs are provided to enhance payment experiences. Tools such as Circuit Breaker, Transformer, and Verify are developed to prevent fraud and streamline checkout processes. Connectivity and scalability are prioritized to integrate domestic networks into a harmonized global system.
What products or services does Volt offer?
Volt offers Instant Payments, Refunds, Payouts, Volt Accounts, and Virtual IBANs.
Who are Volt's investors?
Volt has 7 investors. Key investors include Fuel Ventures, Augmentum Fintech, IVP, CommerzVentures, and EQT Ventures.
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