What Volume does

Volume is a London-based payment infrastructure company founded in 2022 that provides Open Banking-powered account-to-account payment services to business operators across the UK and Europe. The company's core platform replaces traditional card-based payment rails with direct bank-to-bank transfers, offering one-click checkout via Payment Initiation Services, virtual accounts in GBP and EUR, identity verification with biometric authentication, smart routing across multiple banking partners (HSBC, Barclays, Monzo), and unified reconciliation. Volume operates in 10 European countries and has processed over £1B in payment volume across more than 100 operators.

The company monetises through transaction-based fees positioned at a fraction of traditional card processing costs (0.5-1% per transaction), offering merchants near-zero chargebacks and instant settlement at 2.5 seconds versus the standard T+1 to T+2 card settlement window. Volume is FCA-authorised as an Authorised Payment Institution (FRN 1041206) and operates a distribution network spanning Modulr, Optimus Cards, Yapily Connect, and Verto FX as underlying infrastructure partners. Strategic partnerships with RemitONE (remittance) and Nomba (African corridors) extend reach into cross-border and emerging market segments.

The go-to-market combines self-serve API integration (operators going live in days with approximately five lines of code) with direct enterprise sales via Calendly-based demos. The founding team comprises ex-WorldRemit executives who scaled the company to a £6B valuation, supplemented by alumni of Checkout.com, RailsBank, Volt, and Dojo. Volume is backed by Firstminute Capital, United Ventures, Haatch, Seed-X, and Fabrick, with cumulative disclosed funding of approximately $8.4M.

Name

Volume

Legal name

Volume Payments Limited

Website

https://getvolume.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Volume is a London-based FCA-authorised payment infrastructure company that replaces card payments with Open Banking account-to-account transfers for UK and European business operators, offering one-click checkout, virtual accounts, instant settlement, and near-zero chargebacks across 10 countries.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

akta.pro secondary industries

A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL), Payment Orchestration Platforms (FSAGABAA), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• Open banking payments
• Payment initiation services
• Account-to-account payments
• Virtual business accounts
• Payment reconciliation software

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing/Transaction Fees: Volume charges merchants a fraction of traditional card processing fees. Card processors charge 0.5-1% per transaction with T+1 to T+2 settlement and chargeback exposure. Volume's Open Banking approach eliminates these costs while providing instant settlement.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Volume provides an Open Banking payment infrastructure platform that enables business operators to accept account-to-account pay-ins directly from customer bank accounts into dedicated virtual accounts. Its flagship Volume Collect and One-Click Checkout products replace card-based payments with biometric-authenticated bank transfers, offering instant settlement, zero chargebacks, and unified reconciliation through a single API integration.

Product overview

Volume is the business operating system for payments — a unified payment platform combining open banking pay-in infrastructure, virtual accounts, and reconciliation into a single platform. The core offering is Volume Collect and One-Click Checkout powered by Payment Initiation Services, which enables account-to-account payments across UK and European bank rails. Supporting modules include Volume Reconcile (real-time transaction reconciliation and reporting), Virtual Accounts (multi-currency accounts in GBP and EUR with FCA safeguarding), Identity (global ID verification and KYC with biometric checks), Smart Routing (intelligent payment routing for maximum acceptance), Payouts (merchant disbursement services), and Collection Redundancy (multi-bank failover infrastructure). The platform connects businesses directly to real-time bank payment networks, replacing fragmented multi-provider payment stacks with a single integration.

Differentiator

Problem solved

Functional benefit

Brands

• Volume Collect: Open Banking pay-in solution enabling business operators to accept payments directly from customer bank accounts into virtual accounts with instant settlement.
• One-Click Checkout
• Volume Reconcile
• Volume Identity

Products and services

• Volume Collect Open Banking pay-in solution enabling business operators to accept payments directly from customer bank accounts into dedicated virtual accounts, with no chargebacks, instant settlement, and integration with UK Faster Payments and European open banking rails.
• One-Click Checkout Proprietary Payment Initiation Service allowing consumers to pay directly from their bank accounts in a single tap using biometric authentication, eliminating the need for card numbers, passwords, or manual entry.
• Volume Reconcile Real-time payment reconciliation and reporting dashboard that consolidates all transaction activity into a single view with automatic matching of transactions to settlements, eliminating manual reconciliation across multiple providers.
• Virtual Accounts Dedicated virtual accounts in GBP and EUR serving as a collection, holding, and settlement hub, with funds safeguarded by FCA-authorised EMI partners and real-time balance visibility.
• Volume Identity User verification and KYC solution providing instant global ID checks, KYC flows, and fraud prevention integrated into every payment, including biometric identity verification matching against identity documents.

Quantifiable outcome

• 250% increase in conversion rates compared to card-based payments
• +6 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• RemitONEcoreStrategic or Co-development Partner · 11 June 2026Volume partnered with RemitONE, a leading money transfer software provider, enabling their global network of banks, MSBs, and fintechs to offer faster, lower-cost customer funding through open banking account-to-account payments. Transactions settle in 2.5 seconds. Partnership addresses rising card processing fees and improves remittance margins.
• NombacoreStrategic or Co-development Partner · 6 March 2026Volume partnered with Nigerian fintech Nomba to enable Nigerian businesses to receive direct GBP payments from UK customers using Open Banking infrastructure. Integration uses UK's Faster Payments system, reducing transaction fees from 6%+ to approximately 1%. Partnership is part of Nomba's international expansion strategy into the UK market.
• Modulr FS LimitedcoreTechnology or IntegrationFCA-authorised Electronic Money Institution (FRN 900573) providing electronic money issuance and payment services. Volume is a distributor of Modulr FS Limited for safeguarding funds in segregated accounts.
• Optimus Cards UK LimitedcoreTechnology or IntegrationFCA-authorised Electronic Money Institution (FRN 902034) and card issuer. Volume is a distributor providing card-related payment services.
• Yapily Connect LtdcoreTechnology or IntegrationFCA-authorised Account Information Service Provider and Payment Initiation Service Provider (FRN 827001). Enables Volume's open banking connectivity and identity verification capabilities.
• Verto FX LtdcoreTechnology or IntegrationFCA-authorised Electronic Money Institution (FRN 901073). Volume is a distributor for FX and currency services.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TrueLayer: UK-based Open Banking platform offering A2A payments, PIS, and AIS to merchants and fintechs. Direct competitor to Volume in the European Open Banking payments stack with similar merchant acceptance focus.
• Volt: Open Banking payments platform providing A2A payment initiation across Europe with smart routing and instant settlement. Directly comparable product set to Volume's One-Click Checkout and reconciliation modules.
• Yapily: Open Banking connectivity provider offering PIS and AIS APIs across Europe. Notable as both a competitor and an infrastructure partner to Volume for identity verification and bank connectivity.
• Token.io: Open Banking payments network enabling banks and merchants to initiate A2A payments at scale. Comparable in targeting enterprise merchants replacing card-based payment flows.
• Tink: Visa-owned Open Banking platform operating across Europe with account-to-account payments, data, and risk insights. Comparable in targeting merchants and banks seeking Open Banking rails.

Broad incumbents

• Modulr: FCA-authorised EMI providing payment accounts, virtual accounts, and B2B payment infrastructure. Both a partner to Volume (for safeguarding) and a broader incumbent in UK payments infrastructure competing for adjacent wallet share.
• Checkout.com: Global payment processor with deep enterprise merchant relationships. Notable both as a competitor (Volume Finance lead's prior employer) and a benchmark for Volume's enterprise ambitions.
• Stripe: Dominant card-acceptance platform increasingly adding A2A / Open Banking payment methods across Europe. Represents the primary incumbent threat to Volume's card-displacement thesis.

Regional players

• WorldRemit: Cross-border remittance platform founded by Volume's CEO's former team; operates complementary rather than competing corridors but reflects the talent pipeline and adjacent opportunity set.

Emerging players

• Plaid: Predominantly US-focused bank connectivity and A2A platform expanding into Europe. Comparable technology stack but different geographic focus and broader data aggregation emphasis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/getvolume

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Volume