Open banking payments outfit Volt nabs PayPal exec to head up revenues

Volt, the open banking payments firm, has appointed a PayPal partnership executive as its chief revenue officer.

Matt Komorowski will be tasked in the new role with driving the adoption of Volt’s open banking products with merchants and PSPs (payment service providers) along with making key staff hires.

He joins from PayPal, where he spent nearly a decade, latterly leading its partnership business across APAC (Asia Pacific), LATAM (Latin America) and MEA (Middle East and Africa).

Komorowski, who starts his role at Volt today, is also an investor in peekd, the e-commerce intelligence platform.

Last year, London-based Volt raised $23.5 million in a Series A funding round led by EQT Ventures.

Founded in 2019, Volt leverages open baking to help merchants accept “real-time” payments from their customers.

Tom Greenwood, founder and CEO of Volt, said: “Matt has proven his success in optimising revenue and strategic growth for global companies. 

“Combined with his expertise in bringing innovative payments models to new markets, he’ll be invaluable in working with us to realise our vision of real-time payments everywhere.”

Komorowski said: “My role will focus on driving adoption for our open banking products across markets and business verticals, and on building the right organisation and hiring the best talent to start hyperscaling.

“Volt’s culture is centered around building an organisation where sales and product development interact and exchange information very quickly, ensuring merchants are getting the products that they need. 

“As Volt continues to scale, we want to make sure that that part of the culture remains at the core of its strategy.”