Aussie Neobank Volt receives expanded Series E investment from AFG

Australian digital bank Volt has secured an expanded Series E financing round worth AU $ 15 million from the Australian Finance Group (AFG).

The investment is made together with a partnership agreement and the acquisition of an 8% stake by AFG in Volt. AFG also plans to use Volt’s Banking-as-a-Service (BaaS) to deliver its mortgage product to 3,000 brokers.

Volt’s CEO, Steve Weston

AFG uses the Volt system as a personal finance management app, a pilot project is planned for the introduction …

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