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Singapore-based fintech Volopay marks India foray after raising $29-M

Inc42  

Volopay, a Singapore-based fintech startup, has raised USD 29 million in a Series A funding round led by Winklewoss twins and an unnamed global decacorn. The newly infused capital will be a mix of equity and debt as informed by the fintech. The investment round also saw participation from institutional investors JAM Fund, Accial Capital, Rapyd Ventures, Antler Global and VentureSouq. A slew of individual investors also participated in the round, including Jeffrey Cruttenden, Pine Labs' Amrish Rau and Jupiter's Jitendra Gupta Volopay is currently available in Singapore and Australia, and has unveiled plans to launch its India arm by April this year. The startup has already tied with a major Indian fintech firm to launch its services in India. Volopay to initially focus on six major commercial hubs in India, followed by expansion to other Tier-2 cities.