£4.7M
The seed round was led by United Ventures with participation from Fabrick and existing backers.
"Open banking has laid the groundwork to reduce payment costs by creating the necessary conditions, but most A2A payment companies haven't been able to leverage this potential. At Volume, we've cracked the problem. We're solving the adoption challenges of account-to-account payments by focusing on the user experience for both businesses and consumers, offering a faster, more secure solution that puts both parties first. Our traction shows that pay-by-bank can be a scalable business model, and we're close to profitability with a clear product-market fit in cross-border payments. Like Stripe did with the shift from cash to card, we're leading the transition from debit cards to bank payments in open banking, while growing sustainably. If widely adopted, Volume could save businesses up to $44 billion per year."
United Ventures + 4 others
