View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 24, 2022

Volante Technologies secures additional investment from BNY Mellon, Poste Italiane

American fintech firm Volante Technologies has secured an undisclosed additional growth funding from BNY Mellon and Poste Italiane.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The banks were part of Volante’s $35m growth equity financing round closed in August 2020. The new investment comes as the banks seek to further drive their payment modernisation efforts.

Volante will utilise the new capital to expand its collaboration with current clients and grow the scope of its ecosystem partnerships.

The firm also aims to launch new cloud Payments as a Service (PaaS) offerings with plans to accelerate the time to market for solutions based on its low-code platform capabilities.

BNY Mellon Treasury Services chief strategy and digital officer Saket Sharma said: “We are laser-focused on digitising payments. Together with Volante, we plan to accelerate that journey to bring the most innovative solutions to our clients.

“Our investment in Volante reflects the deep commitment we’ve made to our next generation payments strategy and the amazing partners who will help us achieve that goal.”

Poste Italiane partnered with Volante as part of its payments modernisation programme to bolster its open banking platform that facilitates SEPA instant payments.

BNY Mellon teamed up with the payments provider in 2018 to support real-time payments in the US and abroad.

Volante Technologies CEO Vijay Oddiraju said: “Our payments technology helps banks modernize, freeing them to adapt and evolve in an increasingly real-time, cloud-driven world, so that they can serve an ever-wider range of customers.

“Expanding our collaboration with BNY Mellon and Poste Italiane is another important step in this journey.”

In October last year, Volante raked in $10m from the growth capital unit of US banking group Wells Fargo.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International