Neobank Volt Lab3
“Can a former Australian neobank reinvent itself as a global real-time payment network and open banking infrastructure provider, owning the Pay by Bank checkout layer across multiple markets?”
Originally founded as Volt Bank in Australia — the country's first neobank with a full ADI licence — the company pivoted toward a Banking as a Service model, partnering with LAB3 and Microsoft to build Volt 2.0, a white-label BaaS platform intended to power embedded finance for retail and loyalty partners. After the Australian neobank entity wound down its retail banking operations (circa 2022), the Volt brand continued as a UK-headquartered real-time payments and open banking infrastructure company (Volt Technologies Holdings Limited), focusing on Pay by Bank, open banking checkout, and cash management products such as Virtual IBANs and Volt Accounts for merchants across UK, EU, and Australia. The embedded finance strategy shifted from being a BaaS provider with consumer deposits to being a real-time payment network and money movement platform.