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How Volopay CEO Rajesh Raikwar grew Volopay to $77.3M revenue with a 140 person team in 2024.

Volopay is a financial technology company that provides a smart corporate card and expense management solution for businesses. Their platform helps businesses streamline their expense management processes and gain better control and visibility over their spending.

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Volopay Revenue

In 2024, Volopay's revenue reached $77.3M. The company previously reported $24.5M in 2024. Since its launch in 2019, Volopay has shown consistent revenue growth.

Volopay Revenue GrowthReported revenue / ARR by year$0$20M$40M$60M$80M$100M201920202021202220232024$0$14M$21M$77MSource: GetLatka.com
YearMilestone
2024Volopay Hit $77.3m revenue in November 2024Source
2024Volopay Hit $24.5m revenue in October 2024
2023Volopay Hit $21.4m revenue in December 2023
2021Volopay Hit $13.5m revenue in September 2021
2019Launched with $0 revenue

Volopay Valuation, Funding Rounds

Volopay has not publicly disclosed its valuation. The company has raised $33.5M in total funding to date.

Volopay has raised $33.5M in total funding across 5 rounds, most recently a $29M Series A round in 2022.

Volopay Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$8M$15M$23M$30M$38M20192020202120222019 cumulative: $0 • 2019 Founded: $02020 cumulative: $125K • 2019 Founded: $0 • 2020 Seed Round: $125K2020 cumulative: $250K • 2019 Founded: $0 • 2020 Seed Round: $125K • 2020 Seed Round: $125K2021 cumulative: $2M • 2019 Founded: $0 • 2020 Seed Round: $125K • 2020 Seed Round: $125K • 2021 Seed Round: $2M2021 cumulative: $4M • 2019 Founded: $0 • 2020 Seed Round: $125K • 2020 Seed Round: $125K • 2021 Seed Round: $2M • 2021 Seed Round: $2M2022 cumulative: $33M • 2019 Founded: $0 • 2020 Seed Round: $125K • 2020 Seed Round: $125K • 2021 Seed Round: $2M • 2021 Seed Round: $2M • 2022 Series A: $29M$33M2019 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Series A$29M--
2021Seed Round$2.1M--
2021Seed Round$2.1M--
2020Seed Round$125K--
2020Seed Round$125K--

Volopay Employees & Team Size

Volopay employs approximately 140 people as of 2026, down from 179 in 2023.

Volopay has 140 total employees in different roles and functions and 54 sales reps that carry a quota.

Volopay Team GrowthReported headcount over time0408012016020020192020202120222023202400140140Source: GetLatka.com
YearMilestone
2024Reached 140 employees (December 2024)
2024Reached 135 employees (October 2024)
2023Reached 179 employees (December 2023)
2023Reached 179 employees (September 2023)
2023Reached 177 employees (January 2023)
2022Reached 175 employees (December 2022)
2022Reached 139 employees (February 2022)
2022Reached 172 employees (January 2022)
2021Reached 136 employees (December 2021)
2021Reached 58 employees (August 2021)
2020Reached 22 employees (December 2020)

Founder / CEO

Rajesh Raikwar

Rajesh Raikwar is listed as Founder / CEO at Volopay.

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Customers

We do not have customer count information for Volopay yet.

Frequently Asked Questions about Volopay

What is Volopay's revenue?

Volopay generates $77.3M in revenue.

Who founded Volopay?

Volopay was founded by Rajesh Raikwar.

Who is the CEO of Volopay?

The CEO of Volopay is Rajesh Raikwar.

How much funding does Volopay have?

Volopay raised $33.5M.

How many employees does Volopay have?

Volopay has 140 employees.

Where is Volopay headquarters?

Volopay is headquartered in Singapore, Singapore.

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Compare Volopay to the industry

Volopay operates across multiple industries. Browse revenue, funding, and growth data for Volopay in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Volopay Revenue 2024: $77.3M ARR, $33.5M Raised