Business banking done right. Here’s Volopay! They’re building a one-stop solution for everything business finances. Oh, and they just raised a $29M Series A.

• Its revenue has shot up 41%, and its total payment value has increased 98% monthly since early 2020.
• Its 700+ customers include Funding Societies, Upmesh, LivSpace and BukuWarung.

Who cashed in? The round was led by Justin Mateen’s JAM Fund. Winklevoss Capital, Accial Capital, Rapyd Ventures, Antler, VentureSouq, Sweta Rau (White Ventures), Jeffrey Cruttenden (Acorns), Amrish Rau (Pine Labs) and Jitendra Gupta (Jupiter) also joined in.

• The round was a mix of equity and debt.

💲  The Volopay way

Corporate credit cards. Get physical and virtual cards for your team to spend smarter.

• Have custom limits and controls (like where to spend and how much) and view all payments in real-time.
• Issue virtual cards for each use case, like “Facebook ads,” “Subscriptions” or even a burner card for one-time purchases.

International money transfers. Work with customers and partners globally? With multicurrency wallets, you can make payments to vendors in 100+ countries with 65+ currencies.

• Manage bulk payments, set recurring payments, process invoices and send money locally and overseas.

Expense management. Track all business transactions from individual credit cards and reimbursements to invoices and transfers. Oh, and get up to 5% cashback on transfers and card payments.

• Spenders, budget owners and admins can see each transaction. Even add multi-level approvals, so no one can spend without a go-signal.
• Approve fund requests in real-time, make strategic budgets for each department, add budget owners and more.

Automated accounting. Forget wasting hours recording all the financials! Volopay syncs perfectly with your favorite accounting software with just a few clicks.

🌏  International, baby!

Volopay’s expanding in Asia-Pacific, the Middle East and North Africa— starting with Indonesia, the Philippines and India.

And more. They’re building their regional tech infrastructure as it heads to new markets and new tech to complement their product.

• Plus, integrations with enterprise resource planning (ERP), HR management (HRM) and customer relationship management (CRM) software are in the works.