Volume Boosts A2A Payment Capabilities with £4.7m Funding

Volume, a London-based FinTech specialising in account-to-account (A2A) payment technology, has raised £4.7 million in a new funding round. Led by United Ventures, the round also saw participation from Fabrick and existing investors like Firstminute Capital, SeedX, and Haatch. The firm, which has processed over $126 million in annualised gross merchandise value within eight months, plans to use the raised funds to scale operations across the UK and Europe. Volume aims to eliminate payment fees for businesses and consumers through its innovative solution that provides a one-click checkout connected to banks globally. Enhancements in user experience are at the core of its mission, which could potentially save businesses up to $44 billion annually. Key new hires from industry leaders are set to further drive growth. The funding also positions Volume to capitalize on NFC technology opportunities that could arise with regulatory changes involving Apple.