Quantum Group

What Quantum Group does

Quantum Group (legal entity Quantum Financial Holdings Limited) is a UK-based fintech and security technology holding company founded in 2015 by ex-SAS officers Floyd Woodrow MBE and Peter Malmstrom, headquartered at 15 Belgrave Square, London. The group operates a platform-plus-subsidiary model spanning five core operating businesses: Volopa, an FCA-regulated fintech offering corporate expense management, multicurrency prepaid Mastercards (14-28 currencies across 180 countries), international payments, and FX Forwards hedging with native integrations to Xero, QuickBooks, and Microsoft Dynamics; Verve (formerly Tail), a cashback and rewards mobile app with 100,000+ registered users and 200+ retailer offers, distributed directly to consumers and via white-label API to banks including Starling, Monzo, and ANNA Money; Valkyrie, a boutique security and investigations firm providing TSCM, cyber, physical, and crisis response services, ranked Band 5 in the 2025 Chambers and Partners Litigation Support Guide; Forensic Control, a digital forensics and cybersecurity consultancy offering Cyber Essentials certification, penetration testing, and eDiscovery; and Vantage Media, a creative agency that publishes Tempus Magazine and serves luxury brand clients including Rolls-Royce, Bentley, Breitling, and Louis Vuitton. Additional subsidiaries include easyWallet (a JV with easyGroup for B2C digital wallets) and pipeline products Oya (UK-to-Nigeria remittance), Volopa Bullion (precious metals on card), and the Valkyrie Ambassador Card.

The group makes money through multiple revenue mechanics. Volopa charges transaction fees on card spending and FX spreads on currency conversion, with corporate subscription-style account fees; revenue accelerated following the August 2023 acquisition of the UK American Express FX team. Verve monetises through affiliate commissions from retailer partnerships and via API integration fees from banking partners. Valkyrie, Forensic Control, and Vantage Media operate as professional services businesses with bespoke multi-year engagements quoted based on client requirements. Distribution is split between enterprise field sales (Volopa signing 70+ corporate accounts monthly, Valkyrie and Forensic Control serving HNWIs, corporates, and government bodies) and direct-to-consumer self-serve (Verve and easyWallet mobile apps), with additional channel-partner distribution through banking APIs. The group secured a £330m benchmark valuation in 2024 via British Business Bank debt-to-equity conversion, with Optimo Capital delivering a subsequent £400m report, and is positioning for a public listing in 2026.

Name

Quantum Group

Legal name

Quantum Financial Holdings Limited

Website

https://quantumgroup.uk

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Quantum Group is a UK fintech and security technology holding company operating five subsidiaries — Volopa (FCA-regulated corporate payments and FX), Verve (cashback app), Valkyrie (security), Forensic Control (cyber forensics), and Vantage Media (luxury publishing) — serving corporate clients, challenger banks, HNWIs, and government bodies across the UK and Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Volopa - Business Payments & Cards: Multi-currency smart prepaid cards and expense management solutions for UK and European corporates, generating revenue through card transaction fees, FX margins, and subscription-type corporate account fees. Onboards over 70 new corporate accounts monthly with growing FX revenues following acquisition of Amex FX team.
2. Volopa - FX Services: International payments and currency management services generating revenue through FX spreads and transaction fees. Volopa handles payments to 180 countries in 14 currencies.
3. Verve - Cashback Platform: Cashback and rewards platform monetised through retailer partnerships and affiliate arrangements. Earns commissions from retailers when members make purchases through the platform. Delivers value to three segments: retailers, individual members, and strategic partners via API.
4. Valkyrie - Security Services: Boutique security and investigations services including TSCM, cyber security, physical security, crisis response, and penetration testing for HNWIs, corporations, and government bodies.
5. Forensic Control - Digital Forensics: Digital forensic and cyber security consultancy providing data recovery, eDiscovery, expert witness testimony, vulnerability assessments, penetration testing, and Cyber Essentials certification services.
6. Vantage Media - Publishing & Creative Services: Boutique creative agency providing publishing, branding, and design services for luxury and fintech sectors. Publishes Tempus Magazine, a quarterly luxury lifestyle publication distributed in five-star hotels and private members' clubs.
7. Volopa Bullion (Pipeline): Gold and silver bullion services on multicurrency card, allowing clients to buy and sell precious metals through the app.
8. Oya Remittance (Pipeline): Money transfer service for sending money from UK and Europe to Nigeria, leveraging IMTO licence from Central Bank of Nigeria.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels10 records

Core offering

Quantum Group is a UK fintech and cybersecurity holding company that acquires, builds, and scales subsidiary businesses across corporate payments, cashback rewards, security investigations, digital forensics, and luxury media publishing. Operating subsidiaries include Volopa (FCA-regulated multi-currency expense management and international payments), Verve (consumer cashback and rewards app), Valkyrie (physical/digital security and investigations), Forensic Control (digital forensics and cyber security consultancy), and Vantage Media (luxury publishing and design). Revenue is generated through card transaction fees, FX spreads, corporate account fees, affiliate commissions, and professional service fees.

Product overview

Quantum Group is the UK's leading fintech and cyber/security technology holding company operating a platform-plus-subsidiary model. The portfolio includes five core products: Volopa (FCA-regulated expense management, international payments, and multicurrency cards), Verve (cashback and rewards app), Valkyrie (security and investigations), Forensic Control (digital forensics and cybersecurity), and Vantage Media (publishing and design). Additional products include easyWallet (digital wallet JV with easyGroup), and pipeline offerings including Oya (remittance), Volopa Bullion (precious metals on card), and Valkyrie Ambassador Card (gold payment card). The Group provides shared governance, investment, and operational support across all subsidiaries.

Differentiator

Problem solved

Functional benefit

Brands

• Volopa: UK FCA regulated fintech offering business expense management, international payments, FX hedging, and multicurrency prepaid Mastercards
• Verve
• Valkyrie
• Forensic Control
• Vantage Media
• easyWallet
• Tempus Magazine
• Oya
• Volopa Bullion

Products and services

• Volopa UK FCA-regulated fintech platform offering business expense management, international payments in 14 currencies to 180 countries, FX hedging (FX Forwards), and globally accepted multicurrency prepaid Mastercards. Integrates with Xero, QuickBooks, and Microsoft Dynamics. Serves UK and European corporates including Aston Martin F1, Newcastle United FC, and England Cricket Board.
• Verve Cashback and rewards platform offering seamless rewards, gift cards, household budget management, and a bespoke API for strategic partner integrations. Formerly known as Tail Cashback, rebranded in April 2024. Has 100,000+ registered users and 200+ unique cashback offers. Powers cashback for ANNA Money's 100,000 business users.
• Valkyrie Boutique security and investigations company specialising in physical and digital security, cyber resilience, Technical Surveillance Countermeasures (TSCM), crisis response, and complex investigations. Serves HNWIs, corporations, and government bodies. Ranked in Band 5 for investigations in the 2025 Chambers and Partners Litigation Support Guide.
• Forensic Control Specialist digital forensic and cyber security consultancy providing data recovery, eDiscovery, expert witness testimony, vulnerability assessments, penetration testing, and Cyber Essentials and Cyber Essentials Plus certification. Serves legal professionals, businesses, and government agencies.
• Vantage Media Award-winning boutique creative agency specialising in publishing, branding, and design for luxury and fintech sectors. Publishes Tempus Magazine and serves luxury clients including Rolls-Royce Motors, Bentley Motors, Breitling, Louis Vuitton Watches, and Heesen Yachts.
• Tempus Magazine Quarterly independent luxury lifestyle magazine published by Vantage Media, distributed in five-star hotels, private members' clubs, and transport lounges (BA Lounge Heathrow T5, Eurostar Business Lounge). Won Best Luxury Lifestyle Media (UK) at the 2025 Luxury Lifestyle Awards and was recognised in the Top 50 Best Luxury Media Brands in the World in 2023.
• easyWallet Digital wallet delivering cashback and rewards on household expenditure, with multi-currency spending, real-time tracking, and family-friendly setup with parental controls. Joint venture with easyGroup for B2C distribution.

Quantifiable outcome

• Volopa monthly card spend up 85%, card transactions up 73%, new customer card spend up 287%
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

18 partnerships are on record, tiered core and minor.

• ClearBankcoreTechnology or Integration · 22 March 2024Volopa announced partnership with ClearBank for real-time clearing and embedded banking. Integration provides Volopa clients with access to UK payment rails, safeguarded bank accounts, and virtual accounts. Partnership prepares Volopa to expand SME banking services as it pursues e-money licence from FCA.
• ANNA MoneycoreChannel Partner/ Reseller/ Distributor · 1 January 2024Verve signed deal in 2024 to power cashback rewards proposition to ANNA Money's 100,000 business users through API integration.
• American Express FX TeamcoreStrategic or Co-development Partner · 1 August 2023Volopa acquired the UK American Express FX team in August 2023 when Amex exited the FX market. Former Amex FX team brought account managers, compliance, onboarding and support teams to significantly increase FX revenues.
• easyGroupcoreStrategic or Co-development PartnerVolopa entered JV with easyGroup to develop easyWallet B2C offering. easyWallet is a state-of-the-art digital wallet delivering cashback and rewards on household expenditure, leveraging easyGroup brand and distribution.
• Starling BankminorChannel Partner/ Reseller/ DistributorOngoing discussions with Starling Bank for Verve to provide bespoke white label cashback and rewards programmes to their customers.
• MonzominorChannel Partner/ Reseller/ DistributorVerve partnered with Monzo for cashback rewards integration, serving Monzo's customer base.
• BarclaysminorStrategic or Co-development PartnerCommercial partner of Quantum Group, collaborating on fintech and security initiatives.
• CouttsminorStrategic or Co-development PartnerCommercial partner of Quantum Group, collaborating on fintech and security initiatives.
• Norton Rose FulbrightminorImplementation/ SI/ Consulting PartnerCommercial partner providing legal advisory services.
• BurlingtonsminorImplementation/ SI/ Consulting PartnerCommercial partner providing professional services.
• JP JenkinsminorImplementation/ SI/ Consulting PartnerCommercial partner providing professional services.
• Manson GroupminorImplementation/ SI/ Consulting PartnerCommercial partner providing professional services.
• SEC NewgateminorGTM or Marketing PartnerPR and communications agency handling press enquiries for Quantum Group.
• XerocoreTechnology or IntegrationVolopa integrated with Xero accounting software for seamless expense management and financial reporting.
• Microsoft DynamicscoreTechnology or IntegrationVolopa integrated with Microsoft Dynamics for enterprise resource planning and financial management.
• QuickBookscoreTechnology or IntegrationVolopa integrated with QuickBooks accounting software for small business expense management.
• MastercardcoreTechnology or IntegrationVolopa issues globally accepted multicurrency prepaid Mastercards for business payments.
• Irish Development Agency (IDA)minorGTM or Marketing PartnerIDA in active talks to support Quantum Group's growth in Ireland and expansion into Europe through Volopa Ireland.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Brex: Brex is a US-headquartered corporate card and expense management platform serving startups and enterprises. It is directly comparable to Volopa on B2B prepaid cards, expense management, and accounting integrations, though it focuses on the US market.
• Ramp: Ramp provides corporate cards, expense management, and bill pay aimed at mid-market and enterprise customers. Closely aligned to Volopa on B2B expense cards, accounting integrations (Xero, QuickBooks), and FX-adjacent functionality, with stronger US market presence.
• Airwallex: Airwallex offers multicurrency business accounts, international payments, FX, and corporate cards globally. Directly comparable to Volopa on multicurrency B2B payments, FX spreads, and expense management, with broader geographic coverage.
• Revolut Business: Revolut Business provides multicurrency accounts, corporate cards, expense management, and international payments. Highly comparable to Volopa on product set and target SME/enterprise customer; Quantum recently hired Revolut UK's ex-CEO to lead Volopa, signalling direct competitive intensity.
• Pleo: Pleo is a European corporate card and expense management platform. Closely comparable to Volopa on company cards, expense automation, and integrations with Xero/QuickBooks, with strong UK and EU presence as a direct mid-market competitor.
• TopCashback: TopCashback is a UK cashback and rewards platform earning affiliate commissions from retailers. Directly comparable to Verve on consumer cashback monetisation model and retailer partnerships, with a far larger established user base.

Broad incumbents

• Wise Business: Wise Business offers international payments and multicurrency accounts to SMBs and enterprises. Direct overlap with Volopa's international payments and FX offering, but Wise is a much larger, public incumbent specialising in cross-border transfers rather than corporate prepaid cards.
• Rakuten (UK): Rakuten operates a global cashback and rewards marketplace. Comparable to Verve on the affiliate-driven cashback proposition, but as a much larger, established incumbent with deeper retailer relationships.
• Kroll: Kroll is a global investigations, security, and digital forensics firm. Comparable to Quantum's Valkyrie and Forensic Control subsidiaries on corporate security, cyber forensics, eDiscovery, and investigations, though operating at significantly greater scale and geographic breadth.
• Control Risks: Control Risks provides corporate security, crisis response, and investigations services to global enterprises. Comparable to Valkyrie's boutique physical security, crisis response, and investigations offering, but as a much larger incumbent with global reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/QuantumGroupUK
• LinkedInlinkedin.com/company/quantum-financial-holdings-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments3 records

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

Frequently asked questions about Quantum Group