Volante Technologies – a global leader in cloud payments modernization – recently announced that it has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital.
This latest funding round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116 million.
KEY QUOTES:
“Volante provides the fastest on-ramp to payments innovation for financial businesses seeking to modernize legacy systems, and Volante’s Payments as a Service and underlying low-code payments platform offers a compelling value proposition.”
“With financial institutions increasingly prioritizing both investment in payments modernization and partnerships with fintech companies, this is an ideal time to expand Volante’s reach. We are investing in Volante because we are confident they have a clear advantage over legacy providers and challengers and are best positioned to capitalize on the growth opportunity and further outpace their competitors.”
— Nari Ansari, Managing Director at Sixth Street Growth
“We led Volante’s first-ever growth capital funding round in 2020. Since then, the company has steadily built on its early momentum, as evidenced by taking the top spot in IBS Intelligence’s annual Wholesale Payments League Table for an unprecedented three years. We are pleased to have participated in this latest financing round and look forward to supporting them through their next growth phase.”
— Vaibhav Nalwaya, Managing Partner, Wavecrest Growth Partners
“We welcome Sixth Street Growth and its deep expertise supporting the growth of payments and fintech businesses to Volante. This latest investment will further accelerate our product roadmap for our customers, particularly in global real-time payments, UK New Payments Architecture (NPA), and domestic and cross-border ISO 20022 modernization.”
“It will also allow us to expand the reach of our Payments as a Service offering further into the mid-tier bank segment, especially in the U.S. and Europe where FedNow™ Instant Payments, The Clearing House RTP®, and SEPA Instant Payments, respectively, are driving the adoption of modern payments technology.”
— Vijay Oddiraju, CEO, Volante Technologies
