Banks, Deals, InspirAsia, Singapore, SME
SME Neobank Volopay Raises $29 Million
Singapore-based Volopay, a Y Combinator-backed neobank that offers corporate cards, payable management, business accounts, payments and more, has raised $20 million in a Series A funding round with a combination of debt and equity. The company did not share the details on the funding beyond the total received.
Investors in the Fintech included JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, Jeffrey Cruttenden – CEO of Acorns as well as Access Ventures, Antler Global, and VentureSouq.