A lot of B2B payments tech is built on top of B2C tech, such as Stripe, that was engineered to handle consumer card transactions, according to de Souza. As such, according to de Souza, a company accounting department can waste time manually searching for payments, and then even more time trying to reconcile individual invoices.
Volopay, founded by Shaji and the startupβs chief technology officer Rajesh Raikwar, wants to disrupt traditional business banking and offer companies a control center for all their financial management needs without the hassle and limitation of a traditional bank.