Volopay is a spend management platform that combines corporate cards, automated payables, and real-time expense tracking to enhance financial control for businesses. It addresses the challenges of inefficient expense management and lack of visibility by providing a centralized dashboard for monitoring all transactions and streamlining payment processes.
Funding
$31.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ACMSSCFounders
Product
Problem
Many businesses face challenges in managing expenses due to inefficient processes, lack of real-time visibility, and reliance on multiple disconnected tools. This can lead to difficulties in tracking spending, controlling budgets, and maintaining accurate financial records.
Solution
Volopay offers a spend management platform that consolidates corporate cards, automated bill payments, expense reimbursements, and accounting integrations into a unified system. By providing a central dashboard with real-time transaction tracking, businesses gain comprehensive visibility into their spending patterns. The platform streamlines accounts payable with features like scheduled and recurring payments, while also simplifying employee expense reimbursements through a mobile app. Multi-level approval workflows help prevent fraudulent activities and errors in invoice payments.
Target Audience
Volopay primarily serves startups and enterprises seeking to streamline their financial operations, improve expense visibility, and automate payment processes.
Features
- Physical and virtual corporate cards with customizable spending limits and controls
- Automated accounts payable with scheduling and recurring payment options
- Real-time expense tracking and reporting on a centralized dashboard
- Mobile app for employees to submit expense claims and receipts
- Multi-level approval workflows for invoice payments
- Multi-currency wallets for international money transfers to over 130 countries
- Integrations with accounting software such as Netsuite, Xero, Quickbooks, Tally, MYOB, and Deskera
- Secure platform with ISO 27001 and PCI DSS compliance