Volume builds a one-click embeddable checkout widget to enable account-to-account (A2A) payments, aiming to compress bank account entry into a single click and reduce fees compared with card networks. Transactions are completed via infrastructure partner Yapily and authenticated through users' banking apps. The startup uses a flat-rate pricing model and positions its UX as the missing piece in A2A, likening itself to an 'Apple Pay' for bank-to-bank transfers. Volume has recently expanded its team with hires including Justin Sebok, Richard Frenken, and Shannon Krishna. The company cites strong traction, reporting 163x GMV growth over the past year. After the seed raise it plans to obtain FCA regulation in the U.K. and pursue international expansion. Volume offers Transparent Checkout, an online payment solution built on open banking that facilitates direct account-to-account payments between merchants and shoppers, removing intermediaries and reducing transaction fees. Once integrated, consumers can pay from any device straight from their bank account and — after a biometric check — payments are instantly settled with merchants without cards, user IDs, or passwords. The product targets both consumers and merchants by emphasizing transparency, fairness, and lower costs. Volume was founded by fintech veterans Simone Martinelli and Krzysztof Tarnawski. The company is headquartered in London and maintains an office in Kraków, Poland. It plans to use new funding to accelerate growth and expand operations and business reach.

Total raised

$8M

Funding rounds

2

Latest round

Seed

Latest activity

Dec 2024