Visa Joins $80m Currencycloud Funding Round

Visa Joins $80m Currencycloud Funding Round
27.01.2020 06:18 am

Visa Joins $80m Currencycloud Funding Round


London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

International Finance Corporation (a member of the World Bank Group) and SBI Group also joined the round alongside existing backers Sapphire Ventures, Notion Capital, GV, Accomplice, and Anthemis.

Since its launch in 2012, Currencycloud has processed more than $50 billion in cross-border payments. Last year it signed Visa as a client, adding to a list that includes major banking and fintech brands such as Monzo, Revolut and Dwolla.

The firm says it will use the funding to expand its portfolio of payment methods and develop its partner ecosystem. And, having signed SBI and Siam up as investors, Currencycloud is now looking to expand in Asia, as well as North America.

Finally, the company is planning to invest in talent, with CEO Mike Laven insisting that this will include, despite Brexit, a growing UK team.

Says Laven: "Transfer of value is fast becoming the newest layer in the modern technology stack, and Currencycloud is positioned to provide the infrastructure to make this happen. With these new strategic investors, we are well placed to be the go-to provider for the next wave of fintech innovation."

Related News

EPA launches Project Recovery to keep FinTech on the world stage

The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project... Read more »

PayPoint Survey: 1 in 4 renters are behind in payments

As the UK eases out of lockdown and approaches the end of the furlough scheme, a survey of social and private renters* by the payment provider, PayPoint, has... Read more »

Onyx CenterSource announces global partnership with WEX to expand digitized payments options

Onyx CenterSource, a leading global provider of B2B payments and business... Read more »

DocuSign rolls out DocuSign Payments globally

DocuSign has announced the international expansion of its integrated payment solution, DocuSign Payments.

Read more »

Auriga, provider of next-gen banking technology, opens its first offices in Spain and Mexico

 Auriga, an Italian company specialising in omnichannel banking solutions, today announced the opening of two new... Read more »

Belgian Saint-Sixtus Abbey in Westvleteren partners with Ingenico to strengthen their click & collect system of the ‘best beer in the world’

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today announced its partnership with the Saint-Sixtus Abbey, brewers of... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel