Singapore FinTech firm Volopay raises $29M for APAC and MENA expansion

Volopay has successfully raised $29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor Jeffrey Cruttenden (Chief Executive Officer of Acorns) along with Access Ventures, Antler Global, and VentureSouq. The strategic investment from leading blue-chip investors will fuel Volopay’s foray into the Asia Pacific (APAC) and Middle East and North Africa (MENA) markets.