Volante Technologies, a NYC-based cloud payments modernization company, raised $66M in funding.
The round was led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital.
This latest round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116M.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Vijay Oddiraju, Volante Technologies is a cloud payments modernization partner to financial businesses worldwide including global corporate banks, card networks, and U.S. commercial deposits. Its Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily. Real-time ready, API enabled, and ISO 20022 fluent, the solutions power four of the top five global corporate banks, two of the world’s largest card networks, and 66 percent of U.S. commercial deposits.
FinsMEs
07/11/2023