Volopay Analysis: $2M Raised
What is Volopay?
Volopay is a spend management platform that offers corporate cards, expense tracking, vendor payments, and automated accounting solutions for businesses.
Employees
11
Founded
2019
Revenue
$21.4M - $30.2M
ZoomInfo
Product Features & Capabilities
- Corporate cards, Virtual cards, Prepaid cards, Business accounts, Global business account, Procurement, Accounts Payables, Vendor payments, Invoice management, Bulk payment, Payroll payment, Expense management, Subscription management, Reimbursement, Budgeting, ERP Integration, Reporting, Approval w
Pricing
-
Premium Card:
- Physical card per user
- Virtual cards
- Easy card management
- Multi-currency wallet
- Accounting triggers
- Multi-level approval
- Accounting integration with Quickbooks, XERO, Netsuite, and others
- Unlimited users
- Subscription management
- Custom roles
How much Volopay raised
1 - $2.23M
August 25, 2020Lead Investor: Not specified in the sources.
Who are the founders of Volopay
RS
Rajith Shaji
Founder & CEO
RR
Rajesh Raikwar
Founder
Investors
- JAM Fund
- Winklevoss Capital Management
- Rapyd Ventures
- Access Ventures
- Jeffrey Cruttenden (fintech veteran and angel investor, founder of Acorns)
- Accial Capital
- Antler Global
- VentureSouq
Market Focus
Volopay primarily focuses on the financial technology (fintech) industry, specifically in the area of spend management solutions, which includes corporate cards, expense management, and automated accounting.
Business Model
Subscription fees and interchange fees from businesses for expense management services.
Competitors Overview
Volopay's main competitors in the spend management and financial solutions market include:
- Ramp: Rated 4.9, Ramp focuses on corporate card and expense management, offering features like billing, invoicing, and real-time data. Users appreciate its responsive customer service and receipt captu
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