Volta, Fintech for Electronic Tax Invoices, Grows Client Base Tenfold in One Year

Volta Corporation, a fintech company that operates the simple electronic tax invoice issuance and management service "Volta," announced on August 26 that it had achieved 1,150% growth in just one year, increasing its client base from about 400 companies at the end of July last year to 5,000 companies as of the same period this year.

During the same period, annual revenue also quadrupled, continuing its rapid growth trajectory. The service retention rate among client companies has reached 98%. Volta also explained that it has automated the entire settlement process, including accounts receivable management, using AI, enabling large enterprise clients to reduce their tax invoice processing time by approximately 90%.

Recently, leading domestic commerce company Company C and major distribution company Company H adopted Volta to fully automate their tax invoice issuance and reverse issuance processes. Given the complex transaction structures common in the e-commerce and platform industries, a significant amount of time is typically spent manually verifying and issuing invoices across multiple systems. With the adoption of Volta, work efficiency has dramatically improved, allowing employees to focus on more strategic tasks.

The tax invoice streamlining solution is attracting particular attention in the financial sector, which handles large volumes of transaction data, and in distribution, which operates complex supply chains. Currently, not only large enterprises but also public institutions, small and medium-sized enterprises, and sole proprietors are using Volta.

Jin Taeyang, CTO of Volta Corporation, said, "We are fundamentally solving the usability issues of existing tax invoice systems, providing an intuitive and innovative user experience," adding, "This user-centered innovation is receiving a strong response in the large enterprise market, leading to wider adoption."

Meanwhile, Volta launched a new AI-based deposit matching feature in August. This feature automatically recommends the most likely deposit by comprehensively analyzing various information such as date, client, and description. By having AI handle the accounts receivable management tasks that were previously processed manually, the efficiency of settlement work is greatly improved.

Volta Corporation plans to further strengthen its market strategy to secure more large enterprise clients in the second half of this year and to solidify its position as a leading company in the domestic electronic tax invoice market.

This content was produced with the assistance of AI translation services.