Volopay raises $29M in Series A round

Volopay, a Singapore-based corporate cards and expenditure management business, raised $29 million in a Series A financing that included both equity and debt.

Volopay has grown at an exponential rate since its inception. The platform’s 150+ member workforce is dispersed across Singapore, Australia, India, Indonesia, and the Philippines, and its clients include Antler, Dathena, CoinDCX, Livspace, MPL, InVideo, and MX Media.

When co-founder Rajith Shaji saw the difficulty of handling financial records in large enterprises in 2016, he came up with the idea for Volopay.

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