VOLT BANK PITCHES INVESTORS FOR $200M SERIES F RAISING

Neobank Volt Bank’s writing retail loans – and now it’s after capital to help fund the book’s growth. Volt Bank kicked off a much larger Series F funding round this week that is targeting about a $200 million equity injection.

VOLT PARTNERS WITH FROLLO TO CREATE NEW BANKING APP

Neobank Volt has partnered with fintech Frollo to launch a new banking-as-a-service (BaaS) app designed to integrate into Volt’s own banking system and offer white-labelled products for BaaS customers.

DOUUGH ENTERS BAAS PARTNERSHIP WITH RAILSBANK

UK-based Railsbank, trading as Railspay in Australia, will allow Douugh to provide bank accounts, debit cards, financial management assistance, stock and cryptocurrency trading underpinned by Railspay’s own banking-as-a-service (BaaS) alliance with Volt Bank.

VOLT CHARGES UP AFG’S MORTGAGE PLATFORM

Digital bank Volt and ASX-listed mortgage broking group AFG are kicking off their foray into the burgeoning “banking as a service” sector, as interest in the space swells globally and retailers such as Walmart and Ikea wade in.