Volopay, a Singapore-based startup building a “financial control center” for businesses, announced today that it has raised $ 2.1 million in seed capital. The round was led by Justin Mateen, co-founder of Tinder, and included participation from Soma Capital, CP Ventures, Y Combinator, VentureSouq, the founders of Razorpay, Antler, and other angel investors.

The funds will be used for recruitment, product development, strategic partnerships and the international expansion of Volopay. It is planned to start operations in Australia this month. The company currently has around 100 customers, including Smart Karma, Dathena, Medline, Sensorflow and Beam.

Volopay was launched in 2019 by Rajith Shaiji and Rajesh Raikwar and participated in Y Combinator’s accelerator program last year. It came to life after CEO Shaji, who worked for several fintech companies before Volopay launched, became frustrated with the process of reconciling business expenses, especially with the accounting departments …



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