Volante technologies, an NYC-based provider of payments and financial messaging solutions in the cloud, closes $35 M in growth equity financing
FREMONT, CA: Volante Technologies, a leading provider of payments and financial messaging solutions in the cloud, raised USD 35 million in growth equity financing. The round was led by led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc. In conjunction with the funding, Vaibhav Nalwaya, Co-Founder and Managing Partner of Wavecrest, will be joining the company’s Board of Directors. Volante Technology intends to utilize the newly raised capital to accelerate its cloud expansion globally and its reach into new geographies, market segments, and industry verticals.
Founded in 2001 by Vijay Oddiraju, CEO, Volante Technologies is a global provider of technology and software as a service (Golem) to kick start digital transformation and modernization in financial services. Its ecosystem of business services simplifies and automates complex systems and processes, data in payments, capital markets, and commercial message integration.
Volante Technologies co-founder and CEO Vijay Oddiraju mentioned in a statement: “We started Volante in 2001 with a clear purpose. We wanted to help financial institutions by providing modern solutions to simplify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking.”
Wavecrest co-founder and managing partner Vaibhav Nalwaya said: “Volante has built an impeccable reputation as a fintech that can quickly enter and dominate new markets.” “With cloud and digital transformation becoming ever more critical for organisations of all types, Volante is perfectly positioned to capitalise on this arc of success. We look forward to accelerating the company’s growth trajectory.”