Volopay has announced it has signed a partnership with Visa to be part of Visa’s Fintech Fast Track Program.
“The Visa Fintech Fast Track Program gives us an edge that we haven’t had before,” shares Rajith Shaji, CEO and Co-founder of Volopay. “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. We are also able to create a well-rounded financial stack with enhanced offerings to our Australian clients.”
“Australia represents a huge market opportunity for Volopay, with over three million registered businesses across the country. As businesses look to improve their financial processes to gain better efficiencies and productivity, Volopay is well positioned to assist businesses on this front,” added Rajith.
NEW HIRES TO LEADERSHIP TEAM
Volopay has also announced the appointment of Nirvikar Jain as Global Business Officer. Jain holds a MS (Sloan fellow) from Stanford GSB and is currently co-authoring a MIT press book on fintech-led disruption. He previously worked at Citibank, First Abu Dhabi Bank (India CEO), Bank of America, as well as in key executive roles with tech startups, and in fintech advisory. As Volopay’s Global Business Officer, he will play a key role in strategising Volopay’s scalability and expansion framework in Australia through exciting partnership opportunities and fresh industry perspectives.
“I am excited by the opportunity to work with the Volopay team and expand our partners in Australia,” said Jain. “There is plenty of scope for what can be done with Volopay and we will continue building adjacent offerings and customizations that solve multiple problems for finance departments in Australia and the rest of the world. The entire Volopay team is talented, ambitious, and geared up to scale it up globally. This is just the beginning of a very exciting journey for all of us.”
Volopay recently raised US$29 million in its Series A round which included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor and Acorns founder Jeffrey Cruttenden, along with Access Ventures, Antler Global, and VentureSouq.