Volopa announces partnership with ClearBank to expand SME banking services

Volopa announces partnership with ClearBank to expand SME banking services

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Volopa has announced a transformative partnership with ClearBank, a leader in real-time clearing and embedded banking. This collaboration is not just a business move; it's a strategic leap forward in Volopa’s mission to provide comprehensive, innovative financial solutions that cater specifically to the needs of small and medium sized enterprises (SMEs).

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Volopa’s decision to partner with ClearBank was driven by its commitment to enhance and expand the services offered to their clients. ClearBank’s technology-enabled clearing bank capabilities align perfectly with Volopa’s vision of delivering real-time payment and banking solutions. By integrating ClearBank’s robust technology platform, Volopa is set to offer seamless access to UK payment rails, facilitating faster and more efficient transfers to individuals, businesses, and other financial institutions.

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With this partnership with ClearBank, Volopa is enhancing its existing services and preparing to introduce new capabilities. Once the company has secured an e-money licence from the Financial Conduct Authority (FCA) Volopa clients will enjoy access to safeguarded bank accounts and virtual accounts, adding to its existing suite of multicurrency and cross-border payment solutions.

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John Salter, Chief Customer Officer at ClearBank said: “We are delighted to be partnering with Volopa, enabling them to further expand their services to clients. Our cutting-edge technology will empower them to provide seamless access to UK payment rails, along with accounts and virtual account solutions. This collaboration not only bolsters Volopa’s current banking services but also paves the way for future product expansions. We look forward to further deepening our relationship as Volopa continues to grow its client offering.”

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This partnership marks a crucial step in Volopa’s journey of growth and innovation. The integration of ClearBank’s technology will empower Volopa clients with tools that are not just about managing money, but optimising it, whether it’s through streamlined global payments, multicurrency transactions, or enhanced expense management.

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As the companies integrates their systems and roll out new services, we are confident that the synergy between Volopa and ClearBank will not only strengthen current offerings but also enable the brands to innovate and expand in ways that will redefine how SMEs manage their finances.

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Ali Al Bajati, Head of Product at Volopa, says: “Our partnership with ClearBank will be a gamechanger in terms of the products and services we can offer our clients. At Volopa, we aim to create innovative and bespoke solutions that directly meet the real-world needs of our SME clients. We respond quickly to user feedback, to deliver a constantly evolving, platform based, group of products and services, supported by exceptional levels of customer service.

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“Our clients like what we provide and tell us they want to do more with us, especially as global economic and supply chain challenges accelerate the need for digital solutions in UK businesses. The range of products and services that the partnership with ClearBank will enable us to provide will mean we can deepen and grow our relationships with our clients, as well as attract new ones.”

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Find out more about Volopa’s partnership with ClearBank and more product innovations via their website here.