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October 21, 2021

Volante Technologies lands $10m investment from Wells Fargo

By Shalini mani

American fintech firm Volante Technologies has raked in $10m from the growth capital unit of US banking group Wells Fargo.

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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:  
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Wells Fargo Strategic Capital’s infusion brings the total institutional funding secured by Volante so far to $45m.

The investment comes as the fintech firm, specialising in cloud payments and financial messaging, looks to expand its collaboration with existing clients and enhance its ecosystem partnerships.

Volante CEO Vijay Oddiraju said: “Beyond digital banks and financial institutions, we also want to bring the value of our solutions directly to business and consumer brands.

“It’s my concern for the next generation that leads me to believe that our products need to help end users achieve a better life. As a customer and an investor, Wells Fargo will further help us on this journey.”

Volante is said to be a pioneer of real-time payments in the US as well as cloud technology in financial services.

In 2019, the firm launched its free RTP / instant payments processing on the cloud as a service.

The firm caters to more than 100 banks, financial institutions, market infrastructures, clearing houses, and corporate treasuries across 35 countries.

Wells Fargo Strategic Capital managing director Basil Darwish said: “While innovation has accelerated in customer-facing fintech applications, legacy core payments infrastructure has been slower to adopt new technologies due to its complex messaging standards and mission-critical environments.

“Volante solved such challenges by offering a modern cloud-native payments platform that minimises the complexity while accelerating its customers’ payments modernisation efforts. We are excited to invest in Volante and join the next phase of its development.”

In 2018, American asset manager BNY Mellon teamed up with Volante to support real-time payments in the US and abroad.

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.

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