Having closed its $29 million Series-A funding round, Volopay has been committed to entering new markets and enhancing its platform toward its vision of reshaping corporate finance. Recently, the fast-growing fintech announced a partnership with Visa to join its Fintech Fast Track program. Notably, this partnership allows Volopay to issue its own Visa cards to client businesses.
“The Visa Fintech Fast Track program gives us an edge that we haven’t had before,” shares CEO and Co-founder of Volopay, Rajith Shaji. “The ability to issue our own cards sets us apart from other fintech providers who are merely distributing cards. This way, we have full control over the product we provide to our clients.” In addition, the partnership will also give the fintech access to Visa’s resources and expertise to bring top-notch expense management and financial services to help global businesses succeed.
The benefits of the Visa partnership for businesses using Volopay
Visa founded the Fintech Fast Track program to support innovative financial services and solutions providers. Within the APAC region, it helps companies rapidly deploy their solutions and tap into Visa’s expertise to accelerate their growth. Since its inception, the Fintech Fast Track program has supported several innovative fintechs. As Volopay’s robust platform meets the program’s requirements, the fintech can now issue its own Visa cards to its client businesses.
The new ability to issue its own corporate cards fundamentally improves the services Volopay can offer to its clientele. Switching from being a card distributor to an issuer, the company has graduated upwards in terms of the quality and range of services it offers. With its new license giving it greater control over its product stack from top to bottom, the company aims to bring these benefits to businesses across the APAC region.
“Our intention is to keep moving up the value chain, and the Visa program allows us to do that,” said Founding member of Volopay, Rohit Bhageria. “There are multiple markets that allow non-banks to issue cards. With our own card, we are able to create a rounded financial stack to offer our customers. It is an unparalleled mark of credibility.”
But issuing cards is the beginning of the partnership. The Fast Track program also grants Volopay access to a fair share of guidance, credibility, and establishment aid. As such, it’s a gateway for the company into a thriving financial ecosystem that supports the growth of financial infrastructure in different markets of the world. One that will help accelerate its mission towards empowering businesses and reshaping corporate finance.
The continuous fast-paced evolution of Volopay
Today, Volopay’s platform is utilized by several businesses across the APAC region. For these modern businesses, the platform is a powerful financial center. A single dashboard brings together approvals, vendor payments, and automated expense management. Further, it can seamlessly integrate into a company’s existing accounting infrastructure. With this powerful combination of features, Volopay has empowered businesses by giving them unprecedented control over their spending.
Following its latest funding round, Volopay has been committed to further strengthening its platform as the company enters new markets. The partnership with Visa is the latest of these efforts, as the company can now issue its own corporate cards. A powerful feature that allows companies to enjoy greater flexibility across departments. Alongside these developments to the platform itself, Volopay has also been hiring in integral roles as it expands into new markets.
Between the new partnership, reshaped market strategies, and select hiring, it is clear that Volopay is moving full-steam ahead for 2022. As the company expands into new markets, it’s poised to strengthen its platform further and expand its services. With these efforts, Volopay is moving closer to realizing its vision of becoming a global leader in spend management software and empowering businesses everywhere.