Volante Technologies, a global leader in cloud payments modernization, announced that it has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth.
Wavecrest Growth Partners and Wells Fargo Strategic Capital also participated in the round.
This latest 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.
Vijay Oddiraju, CEO, Volante Technologies, commented,
“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.”
Oddiraju continued, “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 FedNowTM Instant Payments, The Clearing House RTP, and SEPA Instant Payments, respectively, are driving the adoption of modern payments technology.”
Featured image credit: Nari Ansari, Managing Director at Sixth Street Growth and Vijay Oddiraju, CEO, Volante Technologies