| Founded | 2020 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | ~$83M (EQT Ventures, Augmentum Fintech, ING Ventures, Backed VC) |
| Collapse type | Silent Shutdown |
| Founder | Toby Triebel, Tom Greenwood |
Volt
"The London startup that built real-time payment rails on open banking APIs — then shut down in September 2023 when its Series C round fell through and 130 employees were let go overnight"
Quiet closure with no public announcement
Key Events Timeline
Volt was founded in 2020 by Toby Triebel and Tom Greenwood in London with the premise that open banking APIs — mandated by PSD2 regulation across Europe — could displace card network rails for online merchants, offering faster settlement, lower fees, and no chargeback risk.
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