Volante offers low-code cloud payments services used to modernize legacy financial infrastructure, including real-time payments, payments-as-a-service, U.S. wire transfers, corporate-to-bank integrations, and embedded preprocessing. Its platform is adopted by about 150 major banks and financial organizations, including Citi, BNY Mellon, Goldman Sachs, Wells Fargo, the Bank of Chile, and Poste Italiane. The company says seven of the top 10 U.S. banks, two of the largest card networks, and two of the top three banks in Switzerland are customers, and that 66% of all U.S. commercial deposits are powered by Volante. Volante is based in New Jersey and has strategic investors that include BNY Mellon, Citi, Poste Italiane, and Visa Ventures. The business positions itself to serve both large incumbents and mid-tier banks with individual, composable services rather than a single large-platform rip‑and‑replace approach. Management plans to accelerate its product roadmap around global real-time payments, the UK New Payments Architecture, ISO 20022 modernization, and expanded open-banking and Payments-as-a-Service offerings. Volante Technologies provides payments and financial messaging solutions delivered in the cloud as a software-as-a-service. The company offers an ecosystem of business services that simplify and automate complex systems and processes across payments, capital markets, and financial message integration. Its clients include the world’s largest banks, market infrastructures, exchanges, clearing houses, corporate treasuries, and card networks. Volante was founded in 2001 by Vijay Oddiraju, who serves as CEO. The company recently raised growth funding and intends to use the proceeds to accelerate its cloud expansion globally and to enter new geographies, market segments, and industry verticals.

Total raised

$101M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2023