Volante Technologies Inc., a NYC-based provider of payments and financial messaging solutions in the cloud, raised USD 35M in growth equity financing.
The round was led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc. In conjunction with the funding, Vaibhav Nalwaya, Co-Founder and Managing Partner of Wavecrest, will be joining the company’s Board of Directors.
The company intends to use the funds to accelerate its cloud expansion globally and its reach into new geographies, market segments, and industry verticals.
Founded in 2001 by Vijay Oddiraju, CEO, Volante Technologies is a global provider of technology and software as a service to accelerate digital transformation and modernization in financial services. Its ecosystem of business services simplifies and automates complex systems and processes in payments, capital markets, and financial message integration. Clients include the world’s largest banks, market infrastructures, exchanges, clearing houses, corporate treasuries, and card networks.