In brief: Volt raises funds for open banking

Volt, one of the UK's leading open payment gateways, was founded in 2009. It has since developed its model as a platform that allows merchants to track payments until they are actually posted to their accounts.

It has now seen its efforts crowned with a successful $23.5 million Series A funding round led by EQT Ventures.

Historic FinTech investors (Augmentum Fintech PLC and Fuel Ventures) also participated in this round alongside new investors such as Robert Kraal (co-founder of Adyen) and Gabriel de Montessus (Group President at FIS Worldpay).

Its objective is now to expand its Volt Connect instant payment offering internationally. It provides seamless access to open banking payments in Europe, connecting over 5,000 banks across the UK and EU, and leads the way in bringing together the next generation account-to-account (A2A) payment infrastructure to a single point of access.