The startup offers a global real-time payments platform that enables businesses to process transactions instantly while integrating seamlessly with existing financial systems. By providing robust security measures and reducing transaction costs, the platform enhances financial management efficiency for its users.
Funding
$86.8M 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.
Founders
Product
Problem
Traditional payment methods often involve high transaction costs and slow settlement times, creating inefficiencies for businesses, especially those operating globally. Existing systems also lack the real-time visibility and control needed for effective cash management.
Solution
Volt provides a global real-time payment network that enables businesses to send and receive payments instantly via account-to-account transfers. By harmonizing domestic real-time payment networks into a single solution, Volt facilitates faster and more secure transactions across borders. The platform offers a range of products, including instant payments, refunds, payouts, Volt Accounts for centralized cash management, and Virtual IBANs for streamlined reconciliation. Volt's solution optimizes the payment process, reduces costs, and enhances financial management efficiency for businesses operating in various industries.
Target Audience
The primary target audience includes e-commerce businesses, online retailers, and payment service providers (PSPs) seeking to optimize payment processes, reduce costs, and improve transaction speeds, as well as businesses in crypto, wealthtech, and gaming industries.
Features
- Global real-time payment network connecting multiple domestic faster payment rails (e.g., Faster Payments, SEPA Instant, Pix, PayTo) through a single API.
- Instant Payments: Optimized checkout experience supporting Pay by Bank for global transactions.
- Refunds: Real-time refund capabilities for improved customer satisfaction.
- Payouts: Instant, on-demand payouts to millions of consumer bank accounts.
- Volt Accounts: Multi-currency accounts for real-time cash management with full visibility of balances and transactions.
- Virtual IBANs: Unique Virtual IBANs assigned to each customer for instant reconciliation of deposits and top-ups.
- Circuit Breaker: Proactive fraud prevention with customizable risk rules.
- Transformer: Checkout prompts to encourage customers to switch from card payments to Pay by Bank.
- Verify: Automates bank account ownership authentication with instant data retrieval.
- Pay by Link: Enables payment outside of traditional e-commerce settings by sending secure payment links to customers.