Corporate cards and payable management start-up Volopay raised $29 million in Series A, a mix of equity and debt, from the Winklevoss twins - Cameron and Tyler with a global decacorn where JAM Fund, Winklevoss Capital Management, Accial Capital, Rapyd Ventures, fintech veterans Jeffrey Cruttenden - CEO of Acorns, Sweta Rau - Founder of White Ventures, Amrish Rau - CEO of Pine Labs and Jitendra Gupta - Founder & CEO of Jupiter, along with Antler Global and VentureSouq also participated.
Volopay is a purpose-built spend management platform that allows you to avoid time-consuming admin tasks, a lack of control, and a lack of visibility. According to the company, a portion of the Series A funds will be used to fund upcoming market launches, as well as the development and innovation of new technology to complement their existing product. Startup enables businesses to manage their money by providing a clear picture of their financial health via modernisation, automation, and enhancement of existing workflows and processes. The platform streamlines expense workflows while providing real-time visibility and control over business spending by providing synchronal visibility.