Volume, a London, UK-based transparent checkout startup, raised $2.4M in funding.
The round was led by firstminute Capital with participation from SeedX, Haatch Ventures, Christian Faes, Russ Carroll, as well as angels from MADE.COM, Mastercard, Visa and American Express.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded by fintech veterans Simone Martinelli and Krzysztof Tarnawski, Volume is a payments fintech startup on a mission to create a universal checkout experience for the internet that is transparent and fair, and works for both consumers and merchants alike. Building on top of open banking, its online payment solution, Transparent Checkout, facilitates direct account-to-account payments between the bank accounts of merchants and online shoppers, eliminating intermediaries and cutting transaction fees.
Once integrated, Volume enables consumers to pay online from any device straight from their bank accounts. After their biometric check, their payment is instantly settled with the merchant, without any need for a card, user ID or password.
Volume is headquartered in London and has an office in Kraków, Poland.