Volopayrevenue & funding
Expense Management SoftwareSingapore, SingaporeFounded 2019CEO Rajesh Raikwar
Volopay is a financial technology company that provides a smart corporate card and expense management solution for businesses.
Volopay revenue
Volopay has not published its revenue. rocketreach.co puts it at about $77.3M a year (November 2024).
| As of | Revenue | Source |
|---|---|---|
| Sep 2021 | $13.5M | – |
| Dec 2023 | $21.4MEST. | GetLatka estimate |
| Oct 2024 | $24.5MEST. | GetLatka estimate |
| Nov 2024 | $77.3MEST. | rocketreach.co estimate |
– source not recorded
Volopay funding rounds & investors
Volopay has raised $31.2M across three rounds since 2020. The latest was a $29M Series A in February 2022.
| Date | Round | Raised |
|---|---|---|
| Feb 2022 | Series A | $29M |
| Jan 2021 | Seed | $2.1M |
| Aug 2020 | Seed | $125K |
| Total raised | $31.2M |
Volopay competitors
Volopay competes most directly with Ramp, Airbase and Spendesk.
Ramp
Airbase
SpendeskVolopay CEO, founders & employees
Rajesh Raikwar founded Volopay in 2019 and runs it as CEO. Volopay has 140 employees (December 2024, LinkedIn), down from 179 a year earlier.
- Rajesh RaikwarCo-founder & CEO
All 11 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 140 | |
| Oct 2024 | 135 | |
| Dec 2023 | 179 | |
| Sep 2023 | 179 | – |
| 2023 | 177 | – |
| Dec 2022 | 175 | |
| Feb 2022 | 139 | – |
| 2022 | 172 | – |
| Dec 2021 | 136 | |
| Aug 2021 | 58 | – |
| Dec 2020 | 22 | – |
Volopay FAQ
How much money does Volopay make?
Volopay has not published its revenue. rocketreach.co estimates about $77.3M a year (November 2024).
How much funding has Volopay raised?
$31.2M across 3 rounds; the latest was a $29M Series A in February 2022.
Who is the CEO of Volopay?
Rajesh Raikwar, a co-founder.
Who founded Volopay?
Rajesh Raikwar, in 2019.
How many employees does Volopay have?
About 140 as of December 2024 (LinkedIn).
Browse Expense Management Software
How this page is sourced
5 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 30, 2026Data disclaimerReport a correctionClaim this profileRun Volopay? Join the podcast