SINGAPORE, Jul 7, 2021 / PRNewswire / – Singapore-based fintech startup Volopay announced a partnership with WeWork to offer an integrated solution for managing business expenses in Singapore as well as Australia…
The partnership demonstrates Volopay’s continued advancement in fintech with its sophisticated financial control platform for today’s business. It realizes a vision of unification by bringing all business payments, approvals, accounting automation, and reimbursement together into one single stack and bringing this solution to WeWork members.
This partnership will enable WeWork members, from startups to large tech enterprises, to optimize their cost and benefit management processes to meet the needs of their business. In addition, it will offer its members significant benefits associated with significant savings, digitalization and automation of their financial processes.
According to Rohit Bhageria, Founding Member of Volopay, “We are thrilled to join forces with WeWork. Through this partnership, Volopay can expand the reach of WeWork members and help them save time and money. Members can close their books 5x faster and enjoy industry-leading cashback programs combined with an excellent payment management solution. ”
In addition, this news follows the launch of Volopay. free refund module which consolidates employee costs into a single cost management platform for all startups and businesses.
Many companies still struggle to control out-of-pocket payments to employees and struggle with tracking expenses, resolving claims, and processing reports. Volopay’s expense reimbursement feature improves the efficiency of expense claim processing while providing complete automation through accounting and HR software, making the employee reimbursement process simpler and completely free.
Ideal for solving the most common problem faced by employees everywhere, Volopay’s Employee Compensation Module provides real-time updates with complete transparency. While employees enjoy a highly organized workflow of expense reporting and instant reimbursement directly to a bank account, the company’s administration teams value a methodical and thorough approach to managing business expenses.
WeWork is a global leader in commercial real estate. Founded in 2010 with the goal of providing its members with flexible shared workspaces and a dynamic work environment. Since then, WeWork has expanded to over 800 locations and 118 cities. WeWork provides flexible technology solutions from freelancers to supporting sales teams, sole proprietorships and Fortune 500 companies.
Volopay The mission of the company is to build a financial control center for modern business. It integrates business accounts, corporate cards, bill payment, reimbursement, credit, refund, and accounting automation into a single platform. Since launch in SingaporeThe startup is on a steady growth trajectory, growing 70 percent from the previous month. They are now active in Singapore as well as Australia, and soon expanded to Indonesia, Philippines, and the MENA region.