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 puts it at about $77.3M a year (November 2024).
All 4 revenue readings, with sources
| 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 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 had 140 employees (December 2024, LinkedIn), down from 179 a year earlier.
- Rajesh RaikwarFounder & 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
What is Volopay's revenue?
RocketReach estimates Volopay's revenue at about $77.3M a year (November 2024). The company hasn't published its own figure.
How much funding has Volopay raised?
Volopay has raised $31.2M across three funding rounds. The latest was a $29M Series A in February 2022.
How many employees does Volopay have?
Volopay had 140 employees in December 2024, according to LinkedIn.
Who is the CEO of Volopay?
Rajesh Raikwar is the CEO of Volopay and founded the company in 2019.
Who founded Volopay?
Rajesh Raikwar founded Volopay in 2019.
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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 Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Volopay? Join the podcast