Startup · $185m raised
Every investor coverage indicates participated in a round Volt raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Finance Group | Unnamed stage | - |
| Australian Financial Group (AFG) | Unnamed stage · Series D+ | $30,000,000 |
Every published round Volt took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Volt has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Volt, as distinct from the investments it has made.
Companies Volt has backed that another company then bought. An exit for the holding, not a deal Volt did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Volt is recorded as having been acquired. | ||||
Companies Volt acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Australian Mortgage | Acquisition | 12 Jul 2021 | - | SmartCompany, Australian FinTech |
| Name | Role | Sources |
|---|---|---|
| Andrew Clouston | Chief Customer and Partnerships Officer | SmartCompany, Australian FinTech |
| Saskia Albers | Head of Strategy (former) | Australian FinTech, SmartCompany |
| Steve Weston | CEO · Founder | Startup Daily (Wed 29 Jun 2022), Startup Daily (Wed 29 Jun 2022), SmartCompany (Wed 29 Jun 2022), SmartCompany (Tue 13 Jul 2021), SmartCompany (Fri 4 Jun 2021), Australian FinTech, SmartCompany (Tue 21 Jan 2020), SmartCompany (Mon 20 Jan 2020), SmartCompany (Fri 10 May 2019) |
Stories naming Volt. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Tesla has reportedly dropped its Solar Roof tiles as financially unviable and will supply only conventional panels; the piece also recalls Australian startup Volt raising funds in 2024 for a competing product.
Also RenewEconomy
Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.
Also Women's Agenda·Startup Daily·SmartCompany·Techboard·SmartCompany
Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.
Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Parpera closed an oversubscribed $1.3 million round led by Equitable Investors, following a $1 million crowdfunding raise, to launch Australia's first Banking-as-a-Service offering with Railspay.
Railsbank's Australian arm Railspay has partnered with Parpera to offer banking-as-a-service in Australia, with Parpera as first customer, while Railsbank recently closed a A$95 million round and hired Ben Smith as Australian general manager.
Weekly venture roundup covering Scalapay's giant series A, numerous Australian raises, acquisitions of Clipchamp, Paidy and CipherTrace, Houseparty's closure, crypto regulation developments, and Atlassian appointing a Cloudflare founder as director.
Melbourne fund manager Salter Brothers led a $6.5 million Series A in payments platform Verrency, with Perennial Value Management and existing shareholders also investing; Simon Jones joins the board.
Also Startup Daily
Volt has bought Australian Mortgage to add digital mortgage approvals, paying mostly in shares; the piece recalls AFG's $15m investment in Volt, plus Xinja's shutdown and NAB's $220m buyout of 86 400.
Also Australian FinTech
Student fintech QPay raised $1.15 million from 745 crowdfund investors via Birchal, plans a Canadian launch and global growth, and partnered with neobank Volt; it previously won Shark Tank money and Blackbird backing.
Weekly roundup covering ANZ trade sales including A Cloud Guru's multibillion-dollar sale, several Australian raises, Tenacious Ventures' agritech fund close, Xero and Cochlear appointments, and global deals such as Etsy buying Depop.
Also SmartCompany
Weekly roundup of startup funding: raises by Paytron, Kanopi, Listing Loop, Driva, Tixel, Alt Saints, Travello, Hey Bud and Volt, Tenacious Ventures closing a $35 million agritech fund, and Forter's Series F.
Neobank Volt raises $15 million from mortgage group AFG to expand its Banking-as-a-Service offering, with white-labelled products planned for AFG's broker network. The piece also recalls sector turmoil, including Xinja's closure and 86 400's sale to NAB.
Also SmartCompany·Startup Daily·SmartCompany·Australian FinTech
Neobank Volt announced a strategic alliance with mortgage aggregator AFG, including a $15 million equity investment extending its Series E to $85 million, to deliver white-label mortgage products through AFG's broker network.
NAB is buying neobank 86 400 for roughly $220 million, folding it into UBank, shortly after rival Xinja said it would quit banking, leaving fewer independent Australian neobanks standing.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech
Neobank Volt has raised an oversubscribed $70 million Series C as it rolls out products and prepares for a possible IPO, with rivals 86 400 and Xinja also announcing new offerings.
Also SmartCompany
A year-end roundup profiling twelve startups to watch in 2020, recalling their 2019 funding rounds, grants, accelerator cohorts, partnerships and growth plans across food tech, legaltech, cybersecurity and other sectors.
Challenger banks Xinja and 86 400 reach APRA licensing milestones and launch app-based retail transaction and savings accounts, becoming the first neobanks to offer Australian retail deposit products.
Small-business focused challenger bank Judo Bank has banked a $400 million round from new and returning institutional backers, reportedly the largest single raise by an Australian startup, double its original target.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Australian FinTech·Crunchbase News
Melbourne payments fintech Verrency has raised a $10 million Series A led by Alium Capital and private investors, bringing total funding to $20 million, with a Series B planned later this year.
Also Australian FinTech
Neobank 86400 aims to close a large capital raise later in 2019, while the piece recaps recent funding by Australian neobank rivals Judo, Xinja and Volt plus Airwallex and Deputy.
A roundup of Australia's largest equity crowdfunding campaigns since the 2017 laws, led by Xinja's record raise, also covering ingogo, Jayride, DC Power Co, West Winds Gin and PT Blink, with platform executives commenting on the sector's growth.
Also Startup Daily