Volante Technologies has raised $35mn in growth equity financing.
In Brief:
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The funding was led by Wavecrest Growth Partners.
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It also inclded BNY Mellon, Citi Ventures, PostePay and Visa.
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Volante allows firms to streamline their payments and financial messaging process.
What does this mean?
Some of the funding has come from Volante’s existing customers (BNY, Citi, PostePay) which use its technology for their payments architecture as they hope to offer payments in real time. Volante currently works with four of the top five corporate banks. It will use the funding to invest in cloud technology.
