Volopay founders Rajith Shaji and Rajesh Raikwar
Small- to medium-sized companies that do a lot of international business have to deal with two big headaches: high foreign exchange fees and corporate expense tracking. Volopay, a Singapore-based financial tech startup with offices in Bangalore, wants to help by integrating prepaid multi-currency corporate cards, expense tracking and accounting tools into one free-to-use platform.
Volopay is currently taking part in Y Combinator and is also part of Antler and Nium’s Bolt, two other accelerator programs. It now has about 40 clients in Singapore, mostly tech startups like Dathena, Tookitaki and Appknox, and plans to launch in Indonesia and Australia within the next six months.
The company was founded last year by chief executive officer Rajith Shaji and chief technology officer Rajesh Raikwar, who met while working at MoneySmart, a financial services comparison platform. Before joining MoneySmart, Shaji also held positions at fintech companies like CompareAsiaGroup, MatchMove and BankBazaar.com.
Shaji spent most of his time working in India, but often traveled to offices abroad. Dealing with corporate expenses after every trip was a “nightmare,” Shaji told TechCrunch.
“Each time I went back home, I had to make a …read more
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