About Currencycloud
Currencycloud is a Financial Services company based in London (United Kingdom) founded in 2007 by Rich Arundel, and was acquired by Visa in July 2021. Cloud-based payment solutions are provided for cross-border transactions. Currencycloud has raised $196.3 million across 12 funding rounds from investors including Visa, Goldman Sachs and BNP Paribas. The company has 97 employees. Currencycloud was last valued at $220 million in January 2020. Its chief executive, as recorded, is Mike Laven. Its website currencycloud.com draws about 82 thousand monthly visits. Currencycloud offers products and services including Spark, API Integration, Direct Platform, and White Label Platform. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is THE CURRENCY CLOUD LIMITED. Its competitors include Ebury, Rapyd and AZA Finance; 3 of its 3 listed competitors have raised funding.
Company details
Currencycloud was established in 2007 in London, United Kingdom, within the fintech sector. Cloud-based platforms for payment processing are developed, encompassing foreign exchange services, cross-border APIs, payment acceptance tools, and payable solutions. White-label options are also available. These services are utilized by banks, financial institutions, neo-banks, and similar entities to facilitate international transactions. Operations focus on enabling efficient global payments.
- Headquarters London, United Kingdom
- Employees 97
- Founders Rich Arundel
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Website currencycloud.com
- Social LinkedIn X
- Acquired by Visa (Jul 2021)
- Legal Name The Currency Cloud Limited
- Date of Incorporation 25 Jul, 2007
- Jurisdiction LONDON, UNITED KINGDOM
Products & Services of Currencycloud
Currencycloud offers a comprehensive portfolio of products and services, including Spark, API Integration, Direct Platform, and White Label Platform.
Universal solution for multi-currency wallets and accounts
Enables building custom payment experiences via APIs
Pre-built system for quick global payment setup
Branded platform for tailored payment services
Funding Insights of Currencycloud
Currencycloud has successfully raised a total of $196.3M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $80 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $196.3M
- Total Rounds 12
- Last Round Series E — $80M
- First Round $2M
(Mar 2009)
- Investors Count 32
Latest 10 of 12 funding rounds of Currencycloud with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $80M | Series E | $220M | Visa, Sapphire Ventures | |
| Aug 2019 | $12.07M | Grant | – | – | |
| Jul 2019 | $40.38M | Series E | – | Goldman Sachs | |
| Dec 2016 | $24.7M | Series D | – | Rakuten Capital | |
| Apr 2015 | $18.4M | Series C | – | Sapphire Ventures | |
| Dec 2013 | $10M | Series B | – | Notion | |
| Oct 2012 | $2M | Series A | – | – | |
| Jul 2012 | $3.18M | Series A | – | Notion | – |
| Mar 2012 | $6.22M | Series A | – | Atlas Venture | |
| May 2011 | $9.4M | Series A | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $220M | •••••••• |
| Mar 2009 | $2.77M | •••••••• |
Last known valuation $220M (Jan 2020). 32 investors in total: 19 institutional and 13 angel.
Investors in Currencycloud
Currencycloud has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Visa, Goldman Sachs and BNP Paribas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Venture capital investment in European business software companies, focusing on early-stage opportunities in London. | notion.vc | |||
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States | ||
Venture capital firm partnering with enterprise software companies and early-stage funds. | sapphireventures.com | |||
Accomplice is engaged in venture capital investments for startups. | accomplice.co | Boston, United States | ||
Early and growth-stage startups are funded by Anthemis Group. | 2008 | anthemis.com | London, United Kingdom | |
Venture capital funds are managed to support unlisted companies' growth. | sbinvestment.co.jp | Minato City, Japan | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Venture capital firm focused on technology, fintech, e-commerce, mobility platforms, and multiple sectors | capital.rakuten.com | Setagaya City, Japan | ||
Venture capital firm investing in life science and biotechnology sectors | 1980 | atlasventure.com | Cambridge, United States |
Investor details for Currencycloud
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Currencycloud
130 people are tracked at Currencycloud (32 in leadership, 98 in team); the tracked headcount is 97.
| Name | Role | Group |
|---|---|---|
Rich Arundel | Co-Founder | Leadership |
Mike Laven | CEO | Leadership |
Barbera De Jong-elder | Managing Director | Leadership |
Fiona Tee | CFO | Leadership |
Ola Malomo | VP of Banking | Leadership |
Jon Belinfante | Director Of Engineering | Leadership |
Rachel Warrington | Head Of Treasury Operations | Leadership |
Neil Drennan | CTO | Leadership |
Mark Ledsham | COO | Leadership |
Zish Gatrad | Head Of QA | Leadership |
Camilla Hayes | Employee Experience Business Partner | Leadership |
Jasper Ehrhardt | Head, European Market Development | Leadership |
Jonas van Haastert | Head Of Legal | Leadership |
Rohit Narang | Managing Director, APAC | Leadership |
Jose Pettoruti | VP Software Engineering | Leadership |
Jody Aldridge | Chief Executive Officer -singapore | Leadership |
Gareth Raymond | Head Of Commercial Finance / Senior Director | Leadership |
Jill Meek | Head Of End Client Onboarding | Leadership |
Andrew Paterson | VP Of Customer Operations | Leadership |
Elodie Martinie-Evans | Director Of People | Leadership |
110 more people are available in the full profile.
Complete people profiles for Currencycloud
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Currencycloud
5 dated milestones of Currencycloud across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Currencycloud is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $80.0M.
- Exit Acquired by Visa.
Competitors of Currencycloud
Currencycloud has 3 listed competitors in our database, 3 of them funded. They include Ebury, Rapyd and AZA Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ebury.com | 2009 | London, United Kingdom | $374.12M | 1,057 | Forex risk management and payment solutions are provided for businesses. | |
| rapyd.net | 2016 | London, United Kingdom | $1.01B | Global payment solutions are provided by Rapyd to businesses worldwide. | ||
| azafinance.com | 2013 | London, United Kingdom | $41.76M | Software for cross-border remittances and forex management is provided. |
Detailed competitors of Currencycloud
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Currencycloud
The website of Currencycloud (currencycloud.com) receives about 81.9K visits a month and ranks #484,856 among all websites worldwide, #5,919 in Financial Planning and Management.
- Monthly visits81.9K
▲ 26.2% vs previous month
- Unique visitors26K
per month
- Global rank#484,856
among all websites
- Category rank#5,919
Finance · Financial Planning and Management
- Bounce rate41%
- Pages per visit2.6
- Average visit1 min 09 sec
- DevicesDesktop 45% · Mobile 55%
Websites whose visitors overlap most with Currencycloud. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trustpayments.com | 100% | 154.5K | #253,656 | View details | |
| paysafe.com | 100% | 863.2K | #50,401 | View details | |
| myguava.com | 98% | 10K | #2,515,497 | View details | |
| briskpe.com | 96% | 19.6K | #978,882 | View details | |
| soldo.com | 94% | 163.8K | #300,149 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Currencycloud
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Related news about Currencycloud
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Frequently Asked Questions about Currencycloud
Currencycloud was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Currencycloud is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Mike Laven is the CEO of Currencycloud, as recorded in our data.
Currencycloud is a funded company, having raised a total of $196.3M across 12 funding rounds to date. The company's 1st funding round was a Series A of $9.4M, raised on Mar 2009.
Currencycloud has 97 employees.
Annual revenue of Currencycloud is $104.92M as on Sep 30, 2023.
Currencycloud was established in 2007 in London, United Kingdom, within the fintech sector. Cloud-based platforms for payment processing are developed, encompassing foreign exchange services, cross-border APIs, payment acceptance tools, and payable solutions. White-label options are also available. These services are utilized by banks, financial institutions, neo-banks, and similar entities to facilitate international transactions. Operations focus on enabling efficient global payments.
Currencycloud's top competitors include Ebury, Rapyd and AZA Finance.
Currencycloud offers Spark, API Integration, Direct Platform, and White Label Platform.
Currencycloud has 32 investors. Key investors include Visa, Goldman Sachs, BNP Paribas, Santander, and International Finance Corporation.
The valuation of Currencycloud is $220M as of Jan 2020.
Currencycloud operates through The Currency Cloud Limited.