Having grown extensively in the APAC region and now expanding into the MENA region, Volopay is setting the stage for a complete transformation of how businesses manage their finances. Already its powerful platform combines the monitoring of funds with a series of tech-enabled features that gives businesses real-time control over their spending. Now, to realize the next stage of its ambitious vision, the company is going further to address a critical roadblock that’s hindered modern businesses.
To that end, the company is now investing in building its proprietary financial infrastructure to empower fast-growing businesses to operate regionally and succeed. Co-Founder and CEO of Volopay, Rajith Shaji, went on to say, “Without global financial infrastructure, many fintech startups that operate regionally rely on third-party services providers. Unfortunately, this has restricted them from unleashing their full potential, which, in turn, opened our eyes to countless possibilities Volopay could unlock to its customers by developing its infrastructure.”
The promising potential of Volopay’s financial infrastructure
Today, Volopay offers a robust platform that helps businesses manage their financial needs – from issuing cards to making bill payments to reimbursements. On top of this, it also helps automate their accounting processes. Ultimately, the platform aims to bring simple workflows, security, and peace of mind with a great experience that makes managing finances simple for finance teams and all other users. Usually, companies have to make a trade-off between time and money. With Volopay, they can save both.
Yet, businesses face several challenges when operating across different countries. International transfers can be a costly and time-consuming process. Collecting, holding, and spending money in multiple currencies is an even greater challenge. In the past, companies had no choice but to rely upon costly third-party service providers. However, Volopay has eliminated these issues with cost-effective international transfers while allowing businesses to hold and manage funds in 65 currencies.
“Every company should only have to use one platform for all their financial management needs across all teams and global locations,” added Rajith when describing the company’s vision. To realize this vision, the company is now going further by investing in building financial infrastructure to help companies scale rapidly. This infrastructure the company is building complies with local governing regulations and involves versatile financial partners. By removing old barriers, Volopay is now laying the foundation to make things simple for financial management teams worldwide. Thus, disrupting how corporations and large entities view and manage their finances.
How Volopay is empowering global businesses
Since its inception in 2019, Volopay has become a powerful spend management platform that’s become a financial control center for modern businesses. Its dashboard gives teams unparalleled insights into spending, while simplified workflows offer them greater operational flexibility. Two features that define this flexibility are those for managing and transferring funds internationally and its ability to issue physical and virtual cards. The latter enables businesses to control spending while making their employees feel cherished and given greater independence.
Previously, we covered how Volopay’s partnership with VISA made it an issuer of VISA cards. “VISA has helped Volopay move up the value chain by allowing us to create our cards for a well-rounded stack of financial services while also improving our credibility,” said Rajith reflecting on the partnership. The partnership with VISA is the latest example that attests to the heightening of Volopay’s financial infrastructure and how its development will benefit its users.
Looking towards the future, Rajith shared, “We are looking to create the necessary technology to make a business’ operations smoother and enable them to scale much faster. We are currently working with several governing authorities and financial partners towards building a transformative platform that wouldn’t leave businesses with having to choose between trading time for money. With Volopay, they would be able to do both!” As such, visionary leadership backed by its newly developed infrastructure sets the foundation for Volopay to become the next global leader to boost corporate financial management.