← State of Embedded Finance 2026

Volante Technologies Join Forces

Can Volante become the de facto cloud-native Payments as a Service layer for global financial institutions modernizing away from legacy payment hubs?

Founded2001
HQJersey City, NJ
FoundersVenkat Malla, Uday Thakur, Vijay Oddiraju
Total raised$35M
Latest roundGrowth Equity, 2020
IndustryInfrastructure / Payments
The story

Founded in 2001, Volante Technologies spent nearly two decades as a bootstrapped, organically profitable provider of financial messaging and payments integration middleware for large banks. In 2020, after raising its first-ever external capital, the company pivoted sharply toward Payments as a Service (PaaS) — a cloud-hosted, managed payments processing model — targeting financial institutions seeking to modernize without ripping and replacing legacy infrastructure. By 2024-2025, Volante had repositioned itself as a globally leading PaaS platform, winning landmark deals with institutions like Goldman Sachs, Standard Bank, and PostePay, and earning recognition in the Gartner Magic Quadrant for Banking Payment Hub Platforms.

Last 12 months
2024-10
2025-10
2025
2025
Product timeline
2001
Founded by Venkat Malla, Uday Thakur, and Vijay Oddiraju to provide financial messaging and payments integration tools for financial institutions.· pivot
2020
Raised first-ever outside investment of $35M in growth equity led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay, and Visa.· acquisition
2020
Announced collaboration with Goldman Sachs Bank USA to provide payments technology for Goldman's cloud-native digital transaction banking service.· banking
2020
PostePay (Poste Italiane) partnered with Volante for instant payments innovation and payments modernization.· banking
2021
Became first cloud payments provider to achieve ISO 27001:2013, SOC 1/SOC 2, and PCI DSS compliance simultaneously.· pivot
2022
Launched strategic partnership with Mambu to deliver cloud-native banking and payments modernization for joint bank and lender customers.· banking
2023
Announced strategic alliance with HCLTech to accelerate cloud payments modernization including instant payments and RTGS for financial institutions globally.· pivot
2024
Signed landmark Payments as a Service deal with Standard Bank, Africa's largest bank, covering payment infrastructure modernization across the African continent.· banking
2025
Named a Leader in Gartner Magic Quadrant for Banking Payment Hub Platforms; partnered with British Arab Commercial Bank for cloud-native PaaS deployment.· banking
Regulated entities
ISO 27001:2013
Global · 2021
Volante Technologies
SOC 1 / SOC 2
US · 2021
Volante Technologies
PCI DSS
Global · 2021
Volante Technologies
The stack
Payments / PSP
Volante Technologies PaaS (self-operated)
FX & payouts
Volante Technologies Cross-border Payments (self-operated)
Accounting gap: none