Volante Technologies, the company focused on Cloud payments and financial messaging, recently announced that it received additional growth funding from BNY Mellon and Poste Italiane.
With this new investment, both banking institutions are “solidifying their commitment to payments modernization and affirming the key role Volante plays in the evolution of payments.”
Saket Sharma, Chief Strategy and Digital Officer, Treasury Services, BNY Mellon, stated:
“We are laser-focused on digitizing payments. Together with Volante, we plan to accelerate that journey to bring the most innovative solutions to our clients. Our investment in Volante reflects the deep commitment we’ve made to our next generation payments strategy and the amazing partners who will help us achieve that goal.”
By teaming up with Volante, Poste Italiane was able to “enhance its payments modernization program, including its open banking platform, enabling SEPA instant payments and providing a new gateway to traditional interbank networks.” The company will “continue its collaboration journey with Volante as an investor and a customer.”
As mentioned in the update, the additional investment will “enable Volante to deepen collaboration with existing clients and increase the breadth of its ecosystem partnerships.” Volante will also be focused on further “expanding its roadmap with new cloud Payments as a Service (PaaS) offerings.” It will also aim to “speed up the time to market for novel payments modernization and digital transformation solutions based on its low-code platform capabilities.”
Vijay Oddiraju, CEO at Volante Technologies, remarked:
“Our payments technology helps banks modernize, freeing them to adapt and evolve in an increasingly real-time, cloud-driven world, so that they can serve an ever-wider range of customers. Expanding our collaboration with BNY Mellon and Poste Italiane is another important step in this journey.”
2021 was a “pivotal” year for Volante, the announcement noted while adding that the company “entered the prestigious IDC Fintech 100 for the first time.”
Volante was recognized by Omdia as a recommended payments provider thanks to a combination of innovation and the provision of services which allowed the firm to “deliver significant payments efficiencies to both small and large institutions.”
Oddiraju added:
“Building on our success last year, 2022 is already on track to be our best year yet. Together with our customers, partners, and investors, we will continue to set a high bar for excellence, one that improves the entire industry and serves the broader community.”
