Rapyd Ventures, fintech veterans Jeffrey Cruttenden, Sweta Rau, founding father of White Ventures, Amrish Rau, CEO of Pine Labs, and Jitendra Gupta, founder and CEO of Jupiter; Antler World and VentureSouq additionally participated within the spherical.
The funding is a mixture of fairness and debt capital, the Singapore-based firm mentioned in a press release.
Volopay is now eyeing your entire Asia Pacific area together with the West Asian markets.
The corporate sells shoppers a “monetary management centre”, which mixes enterprise accounts, company playing cards, invoice funds, expense reimbursements, credit score, cashback, and accounting automation right into a single platform
“Volopay is an formidable challenge. To construct a substitute for Volopay, you’d should launch 5 completely different startups,” mentioned Rajith Shaji, co-founder of Volopay.
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“We’re constructing the management centre for contemporary firms for all their monetary administration wants. Our platform is as simple and seamless to make use of for a 5-person firm, as it’s for a 500-person firm.”
Shoppers embody CoinDCX, MPL, InVideo, and MX Media.
It has greater than 150 workers throughout enterprise centres in Singapore, Australia, India, Indonesia, and the Philippines.
“We have identified and labored intently with Volopay’s wonderful staff because the pre-seed stage,” mentioned Justin Mateen, co-founder, Tinder, and founding father of JAM Fund. “We’re delighted to work with a pioneer on this sector and help them in reaching new heights.”
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