Volante Technologies Raises $35M Growth Equity from Visa, Citi Ventures, BNY Mellon
Volante Technologies announced a $35 million growth equity round on August 3, 2020, led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay, and Visa Inc. Volante provides cloud-based, API-driven payments and financial messaging infrastructure through its VolPay platform, which is built on cloud-native microservices architecture. The platform serves major financial institutions including Citi for transaction banking operations and PostePay for instant payments via open banking.
The strategic investor roster underscores the platform's importance to incumbent banks seeking to modernize legacy payment infrastructure. The investment reflects a broader industry trend toward API-based payment rails that can support real-time and open banking use cases. Volante's positioning as infrastructure for banks and financial institutions places it at a critical layer of the embedded finance stack.
The funding will support continued platform development and expansion of its client base across global markets.
- Strategic investment from major banks and card networks validates cloud-native payment infrastructure as essential for bank modernization
- Positions Volante as key middleware layer enabling legacy banks to participate in open banking and real-time payment ecosystems