Volopay is a Fin-tech startup that aims at making expense reports digital, fast, inclusive, and safe.
Volopay combines approvals, corporate cards, bill payments, expense reimbursements and accounting automation into one single platform.
Volopay was founded in 2019 by Rajith Shaji and Rajesh Raikwar. The company is headquartered in Singapore.
Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc.) with up to 5% cash back on all card transactions. The platform also processes domestic and international bank transfers with low foreign exchange rates and transaction fees.
Volopay’s users get access to multicurrency wallets, which support more than 65 major currencies in over 100 countries without foreign exchange charges levied on international payments, and expense management software that helps track and control all the expenses in real time.
Volopay has amassed over 700 customers with the likes of Funding Societies, Zipmex, Moneysmart, Smartkarma and Austrionova since the beginning of 2021.
Volopay is backed by JAM Fund, Winklevoss Capital, Winklevoss Capital Management, Rapyd Ventures, Soma Capital, CP Ventures, Y Combinator, Access Ventures, Antler Global, VentureSouq, and others. The company raised $29M in Series A round on Mar 01, 2022. This brings Volopay's total funding to $31.2M to date.