What Volopa does

Volopa is a UK-regulated fintech providing international payments, multicurrency prepaid business cards, foreign exchange services, and corporate expense management to small and medium businesses with cross-border activity. Operating as Volopa Financial Services (Scotland) Limited under FCA Payment Institution authorisation (FRN: 554549), the platform serves customers in the United Kingdom, the European Economic Area (26 countries since July 2024), and approximately 180 destination markets worldwide, targeting SMBs and mid-market firms with international suppliers, distributed teams, and multi-currency expense handling needs.

The platform is built around a proprietary FX engine, integrated card issuance delivered through Moorwand Ltd (a Mastercard Principal member, FCA Reference No 900709), and Open Banking connectivity via Yapily (60 connected banks supporting Faster Payments GBP and SEPA EUR up to £75,000/€75,000 per transaction). Core capabilities include a multicurrency shared company wallet holding up to 14 currencies, SWIFT GPI-tracked international payments to 180+ countries in 36 currencies, FX Forward Contracts for hedging, real-time expense management with receipt capture, Mass Payments handling up to 10,000 transactions per file, and native integrations with Xero, QuickBooks, and Microsoft Dynamics 365 Business Central featuring dual tracking codes that mirror each accounting platform's chart-of-accounts structure. Compliance and e-money issuance for EEA clients is delivered via CurrencyCloud B.V. (DNB R142701) and for UK/global clients via CurrencyCloud Limited (FCA FRN: 900199). Volopa does not currently publish a public API; an Exchange Rate API is listed as 'coming soon'.

Volopa monetises through a tiered subscription model: a free Payments Account (£0/month, revenue from FX margins and per-file Mass Payments at £10/€12 each), a Cards Account at £20/€24 per month or £200/€240 per year, and a Bespoke Account tier for higher-volume enterprise clients on multi-year contracts. Add-on modules — the Multicurrency Shared Wallet, Bulk Receipts Download, and Mass Payments — each carry a £10/€12 monthly fee. Go-to-market combines a self-serve web signup flow (business.volopa.com) with a direct sales team handling bespoke enterprise inquiries, supplemented by content marketing, social channels, and earned media including Business Reporter coverage in The Telegraph. The company is privately held with no disclosed funding rounds, is led by CEO James Radford (appointed February 2025), and is operationally headquartered in London at 15 Belgrave Square with a registered Glasgow office.

Name

Volopa

Legal name

Volopa Financial Services (Scotland) Limited

Website

https://volopa.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Volopa is a UK FCA-authorised fintech providing international payments, multicurrency prepaid Mastercard cards, FX services, and corporate expense management to SMB and mid-market businesses operating across the UK, the EEA, and 180+ countries globally.

Ownership category

akta.pro rank

Product category

Cross-Border Business Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)

Keywords

• Business payments platform
• Multicurrency prepaid cards
• Foreign exchange services
• International payment processing
• Corporate expense management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Cards Subscription: Monthly or annual subscription fees for Cards Account providing prepaid business cards, expense management, and accounting integrations
2. Payments Account: Access to international payments platform with currency coverage to 180+ countries, with no monthly fee for base access
3. FX Margin: Revenue generated from currency exchange spreads on international payments and card transactions in foreign currencies
4. Business Add-ons: Additional fees for Multicurrency Shared Wallet (£10/€12), Bulk receipts download (£10/€12), Mass Payments (£10/€12)
5. Volume-based FX pricing: For payments above 100,000 GBP, competitive exchange rates offered based on market pricing and volume

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Volopa is an FCA-authorized Payment Institution that provides businesses with a single platform combining multicurrency prepaid Mastercard business cards (14 currencies), international bank-to-bank payments to 180+ countries in 36 currencies, and real-time corporate expense management with native accounting software integrations. Revenue is generated from tiered subscriptions (Cards Account, Payments Account, Bespoke), FX margins on currency conversion, and fixed-fee add-ons such as the Multicurrency Shared Wallet and Mass Payments.

Product overview

Volopa is a financial services platform combining three core product areas: multicurrency business prepaid cards (Cards Account at £20/month), international payments (Payments Account at £0/month), and expense management. The platform operates as a unified solution with one login and dashboard, supporting 14 currencies on cards and 36 currencies for international payments across 180+ countries. The Cards Account includes prepaid Mastercard cards with real-time spending controls, a shared company wallet (£10/month add-on), receipt capture, and native integrations with Xero, QuickBooks, and Microsoft Dynamics 365 Business Central. The Payments Account offers same-day global payments, mass payouts (up to 10,000 transactions per file), forward contracts for FX hedging, and SWIFT GPI tracking. Additional features include Open Banking via Yapily for wallet funding, dual tracking codes for accounting alignment, and a Tail cashback partnership. A Bespoke Account tier is available for businesses with complex or high-volume requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Prepaid Mastercard Cards Multicurrency prepaid Mastercard cards for business teams, holding and spending in up to 14 local currencies with automatic wholesale-rate currency conversion. Includes card controls, freeze functionality, spending limits and unlimited employee card issuance; issued by Moorwand Ltd (Mastercard Principal Member).
• Company Wallet Multicurrency shared company wallet holding up to 14 major currencies with automatic funding of employee cards directly from the wallet balance. Available at £10/€12 per month as an add-on to the Cards Account.
• International Payments Global bank-to-bank payments from existing UK or EEA bank accounts to 180+ countries in 36 currencies, with same-day delivery to the UK, EEA and US, FX forwards, payment tracking, and SWIFT GPI end-to-end visibility. Free base access under the £0/month Payments Account.
• Collections Service for receiving international payments from global clients, providing virtual IBANs to collect funds in 17 currencies. Companion offering to International Payments.
• Mass Payments Bulk payout capability supporting up to 10,000 transactions per file at a flat £10/€12 per file fee, designed for payroll runs, supplier invoices and contractor disbursements across multiple currencies.
• FX Forwards Forward FX contracts that lock in exchange rates for future international payments, helping businesses protect against currency volatility on cross-border payments.
• Expense Management Real-time expense tracking and management platform for businesses, with receipt capture, transaction categorisation, approval workflows, dual tracking codes, CSV/PDF reporting, and native integrations with Xero, QuickBooks and Microsoft Dynamics 365 Business Central.

Quantifiable outcome

• 20% annual growth rate achieved by DTS Trading Inc. using Volopa platform
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ClearBankcoreStrategic or Co-development PartnerStrategic partnership with ClearBank, a leader in real-time clearing and embedded banking. The collaboration empowers SMEs with advanced solutions powered by ClearBank's banking infrastructure.
• YapilycoreTechnology or IntegrationPartnership with Yapily to harness Open Banking capabilities. Yapily provides extensive open banking API connectivity and real-time bank access, enabling seamless funding and international payments. 60 banks currently connected.
• TailminorGTM or Marketing PartnerExclusive cashback partnership giving Volopa Business or Personal cardholders cashback when spending at businesses with active Tail offers. Users can earn up to 50% cashback.
• XerocoreTechnology or IntegrationNative integration with Xero accounting software for seamless expense tracking and automated syncing of transactions and receipts.
• QuickBookscoreTechnology or IntegrationNative integration with QuickBooks for automated expense reporting and accounting reconciliation.
• Microsoft Dynamics 365 Business CentralcoreTechnology or IntegrationNative integration with Microsoft Dynamics 365 Business Central for enterprise accounting system connectivity.
• MoorwandcoreOthersCard issuer partner providing Mastercard prepaid card infrastructure. Moorwand Ltd (FCA Reference No 900709) is Principal member of Mastercard International. Joint data controller for prepaid card business in UK and EU.
• CurrencyCloudcoreOthersPrimary provider of regulated payments and e-money services. For UK clients via The Currency Cloud Limited (FCA authorized), for EEA clients via CurrencyCloud B.V. (Dutch EMI licensed by DNB).

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Payhawk: Payhawk provides corporate cards, expense management, bill pay, and accounting integrations across the UK and Europe — competing with Volopa for the same SMB and mid-market segments.
• Soldo: Soldo offers multicurrency prepaid business cards, expense management, and accounting integrations for SMBs and mid-market across the UK and EEA, overlapping Volopa's cards + expense management suite.
• Wise: Wise (formerly TransferWise) offers cross-border business payments, multi-currency accounts, and a business card, directly competing with Volopa's Payments Account and multicurrency card propositions for UK and European SMBs.
• Pleo: Pleo provides company cards with expense management and accounting integrations (Xero, QuickBooks, etc.) for SMBs across Europe — directly competitive with Volopa's Cards Account and expense management proposition.
• Equals Money: Equals Money (formerly FairFX) is a UK-based fintech providing business prepaid cards, FX, and international payments — highly comparable to Volopa in geography, customer segment, and product bundle.
• Revolut Business: Revolut Business provides multi-currency business accounts, corporate cards, and expense management across the UK and EEA — overlapping head-on with Volopa's bundled payments + cards + expense offering.
• Spendesk: Spendesk combines prepaid business cards, expense management, and accounting software integrations — a directly comparable product proposition to Volopa's Cards Account.
• Airwallex: Airwallex offers cross-border payments, multi-currency wallets, and business cards targeted at SMBs and mid-market — a near-direct overlap with Volopa, particularly on FX margin and international payments.
• Caxton: Caxton is a UK-based FX and prepaid card provider serving businesses and consumers — comparable to Volopa on multicurrency cards and cross-border payment services.

Broad incumbents

• Brex: Brex is a larger US-headquartered fintech offering corporate cards, expense management, and bill pay; while primarily US-focused, its product set and target segments overlap with Volopa's cards + expense management offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/volopa
• YouTubeyoutube.com/channel/UC1FGkRreCYZY9kIuiEEyBqA
• Facebookfacebook.com/volopa
• LinkedInlinkedin.com/company/volopa
• Instagraminstagram.com/volopa

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 Volopa