Volante Technologies Funding, Investors & Competitors

Volante Technologies has raised $111M across 3 funding rounds, most recently a $66M undisclosed-stage round in November 2023.

Last Volante Technologies funding round

$66M

Undisclosed stage · Nov 2023

Cumulative funding Volante Technologies raised

$111M

across 3 funding rounds

Key investors in Volante Technologies

Volante Technologies Overview

About Volante Technologies

Volante Technologies is a Singapore-headquartered provider of cloud-native payments processing, financial messaging integration, and orchestration platforms serving over 85 financial institutions and corporates across 26 countries. The company's suite includes pre-built plugins for hundreds of international and domestic message standards, enabling rapid onboarding and adaptation to regulatory changes. Volante's solutions accelerate project timelines from years to months while shielding core systems. Founded in 2001, it powers digital payments for banks and fintechs worldwide.


Founded

2001

HQ

United StatesJersey City, NJ

Status

Privately held

Customer focus

B2B

Revenue model

Subscription, Usage-based

Volante Technologies Funding History

Volante Technologies has raised a total of $111M across 3 funding rounds.

Volante Technologies' first fundraising round was a $35M undisclosed-stage round in August 2020. The most recent completed round was a $66M undisclosed-stage round in November 2023.

Volante Technologies funding rounds

Volante Technologies funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2023Undisclosed stageSixth Street (lead); BNY Mellon; Visa Ventures; Citigroup; Wells Fargo Strategic Capital; Poste Italiane; Wavecrest Growth Partners$66MVolante Technologies is a cloud payments modernization provider offering Payments as a Service and a low-code payments platform that processes millions of mission-critical transactions and trillions in value daily for financial institutions worldwide, including four of the top five global corporate banks and two of the world's largest card networks. The company serves approximately 150 major banks and financial organizations seeking to modernize legacy systems for real-time payments, ISO 20022 compliance, and innovations like FedNow, RTP, SEPA Instant, and UK New Payments Architecture. On November 7, 2023, Volante announced a $66 million strategic investment round mixing debt and equity, led by Sixth Street Growth with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital. This brought total outside investment to $116 million, following prior funding from BNY Mellon, Citi, Poste Italiane, and Visa Ventures. The funding aims to accelerate Volante's product roadmap, particularly in global real-time payments, UK NPA, and domestic/cross-border ISO 20022 modernization, while expanding Payments as a Service to mid-tier banks in the US and Europe amid growing adoption of instant payments technologies. CEO Vijay Oddiraju highlighted the investment's role in product acceleration and market expansion, positioning Volante against legacy providers and challengers in a market prioritizing payments modernization and fintech partnerships. Sixth Street Growth's Nari Ansari emphasized Volante's compelling value proposition in providing the fastest on-ramp to payments innovation.
Oct 2021Series AWells Fargo Strategic Capital (lead)$10MVolante Technologies, a global leader in cloud payments and financial messaging, received $10 million in growth funding from Wells Fargo Strategic Capital on October 20, 2021, bringing total institutional investment to $45 million. This round followed a previous capital raise led by Wavecrest Growth Partners in August 2020, with additional investors including BNY Mellon, Citi Ventures, PostePay (Poste Italiane), and Visa Inc. The funding supports Volante's continued growth and expansion, particularly in modernizing payments infrastructure with its cloud-native platform that addresses complex messaging standards and mission-critical environments. Volante pioneered real-time payments in the U.S. and cloud technology in financial services, offering a low-code and no-code platform for digital transformation. Wells Fargo selected Volante for its own ISO 20022 migration and modernization efforts, highlighting the company's role in accelerating customers' payments modernization. The investment strengthens the partnership between Wells Fargo and Volante to advance payment capabilities.
Aug 2020Undisclosed stageWavecrest Growth Partners (lead); BNY Mellon; Visa; Poste Italiane; Citi Ventures$35MVolante Technologies, founded in 2001 by Venkat Malla, Uday Thakur, and Vijay Oddiraju, is a cloud-based financial technology provider specializing in payments and financial messaging solutions for financial institutions. The company operates globally with offices in New York, London, Dubai, and Mexico, serving some of the world's largest banks, custodians, exchanges, and corporations. By 2020, Volante processed trillions in transaction value and millions of transactions daily across multiple financial services segments. In August 2020, Volante raised $35 million in growth equity financing, marking the company's first institutional capital raise after nearly two decades of organic profitability. The round was led by Wavecrest Growth Partners, a Boston-based growth equity firm, with strategic participation from BNY Mellon, Citi Ventures, PostePay (Poste Italiane), and Visa Inc. Notably, the majority of the investors in this round were existing clients of Volante, reflecting strong trust and confidence in the company's offerings. The capital was directed toward three main strategic areas: investing in research and development, building out business operations, and extending go-to-market capabilities. Management indicated plans to expand internationally, enter new market segments and industry verticals, and enhance product capabilities around cloud-based payment processing, resiliency, and scalability. The company had already established significant market traction, including rapid adoption of its Volante Designer financial messaging platform and emergence as a leader in cloud-based payments as a service, having processed the first U.S. real-time payment through its VolPay platform within two years of market entry. By 2023, Volante had secured an additional $66 million in strategic investment from Sixth Street Growth, bringing total outside investment to $116 million. The company had achieved recognition as the leader in wholesale payments, holding the top position in IBS Intelligence's annual Wholesale Payments League Table for three consecutive years, demonstrating sustained competitive advantage in cloud payments modernization.

Who has invested in Volante Technologies?

9 investors have backed Volante Technologies across its funding rounds, including BNY Mellon, Wells Fargo Strategic Capital, Wavecrest Growth Partners, Poste Italiane, Citi Ventures and Citigroup.

Lead investors include Sixth Street, Wells Fargo Strategic Capital and Wavecrest Growth Partners.


Volante Technologies Investors

Investors in Volante Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
BNY MellonUnited StatesUnited States2ParticipantAug 2020
Wells Fargo Strategic CapitalUnited StatesSan Francisco, CA2LeadOct 2021
Poste ItalianeItalyRome2ParticipantAug 2020
Wavecrest Growth PartnersUnited StatesBoston, MA2LeadAug 2020
Visa VenturesUnited StatesSan Francisco, CA1ParticipantNov 2023
CitigroupUnited StatesSan Antonio, TX1ParticipantNov 2023
VisaUnited StatesSan Francisco, CA1ParticipantAug 2020

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Volante Technologies Competitors

Volante Technologies competitors include listed companies like ACI Worldwide, Computer Age Management Services, eFinance and Optasia, and private ones like Open Financial Technologies and Payhawk.

Public and private companies comparable to Volante Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ACI WorldwideUnited StatesUnited StatesPublicly listed$1.8B$456M$5.2B3.1x
Computer Age Management ServicesIndiaIndiaPublicly listed$158M$74M$1.8B10.5x
eFinanceEgyptEgyptPublicly listed$130M$67M$1.6B-
OptasiaUAEUAEPublicly listed$265M$79M$1.1B3.6x
Open Financial TechnologiesIndiaBangalorePrivate--$1B-
PayhawkBulgariaSofiaPrivate$45M-$1B-

Volante Technologies Public Comps

Volante Technologies is still privately-owned, but its public comps include Visa, Mastercard, American Express, Shopify, S&P Global, MercadoLibre, Moody's, PayPal, Constellation Software and Corpay.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Visa$40B$26B17.6x15.4x27.1x22.0x
Mastercard$33B$20B15.5x14.1x24.9x22.3x
American Express$72B-3.1x2.9x--
Shopify$12B$1.2B13.9x11.3x132.9x61.9x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
PayPal$33B$7.2B1.4x1.4x6.6x6.9x

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Common questions about Volante Technologies

When was Volante Technologies founded?Volante Technologies was founded in 2001.
Where is Volante Technologies headquartered?Volante Technologies is headquartered in Jersey City, NJ, United States.
Is Volante Technologies publicly listed?No, Volante Technologies is a private, VC-backed company.
How much funding has Volante Technologies raised?Volante Technologies has raised $111M across 3 funding rounds.
What was Volante Technologies' last funding round?Volante Technologies' last funding round was a $66M undisclosed-stage round in November 2023, led by Sixth Street.
Who are Volante Technologies' investors?Volante Technologies' investors include BNY Mellon, Wells Fargo Strategic Capital, Poste Italiane, Wavecrest Growth Partners, Visa Ventures, Citigroup, Visa, Sixth Street and Citi Ventures.
Which companies are comparable to Volante Technologies?Companies comparable to Volante Technologies include ACI Worldwide, Computer Age Management Services, eFinance, Optasia, Open Financial Technologies and Payhawk.

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