Volt, a leading FinTech company, has recently secured $60 million in funding to expand its open payments gateway in the Asia Pacific region. The funding round was led by global investment firm, EQT Ventures, and included participation from existing investors, such as Northzone and Hanwha Investment & Securities.
The open payments gateway provided by Volt allows businesses to easily and securely accept payments from customers across multiple channels, including online, mobile, and in-store. The platform also offers a range of value-added services, such as fraud detection and prevention, data analytics, and customer insights.
With the new funding, Volt plans to accelerate its growth in the Asia Pacific region, where it already has a strong presence. The company will use the funds to expand its team, invest in product development, and enhance its technology infrastructure.
According to Volt CEO, Jordan Lawrence, the funding will enable the company to “continue to innovate and build out our platform to meet the evolving needs of businesses across the region.” He added that the company is “excited to partner with EQT Ventures and our existing investors to drive our growth and help businesses thrive in the digital economy.”
The Asia Pacific region is a key market for FinTech companies, with a rapidly growing population of tech-savvy consumers and businesses. According to a report by McKinsey & Company, the region’s digital economy is expected to reach $300 billion by 2025, driven by factors such as rising internet penetration, increasing smartphone adoption, and growing e-commerce activity.
As such, there is significant demand for innovative payment solutions that can help businesses tap into this market. Volt’s open payments gateway is well-positioned to meet this demand, offering a flexible and scalable platform that can be customized to meet the needs of businesses of all sizes.
Overall, the $60 million funding round is a significant milestone for Volt, and underscores the company’s position as a leading player in the FinTech space. With its expanded resources and focus on innovation, Volt is well-positioned to continue driving growth and helping businesses succeed in the digital economy.
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- Source: Plato Data Intelligence.