About Currencycloud
Currencycloud is a company based in London (United Kingdom) founded in 2007 by Rich Arundel was acquired by Visa in July 2021. Currencycloud has raised $196.3 million across 12 funding rounds from investors including Visa, Goldman Sachs and BNP Paribas. The company has 97 employees as of December 31, 2023. Currencycloud offers products and services including Spark, API Integration, Direct Platform, and White Label Platform. Currencycloud operates in a competitive market with competitors including Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
- Headquarter London, United Kingdom
- Employees 97 as on 31 Dec, 2023
- Founders Rich Arundel
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name The Currency Cloud Limited
- Date of Incorporation 25 Jul, 2007
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$104.92 M (USD)29as on Sep 30, 2023
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Net Profit
$1.12 M (USD)-89as on Sep 30, 2023
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EBITDA
$1.46 M (USD)-87as on Sep 30, 2023
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Total Equity Funding
$196.3 M (USD)
in 12 rounds
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Latest Funding Round
$80 M (USD), Series E
Jan 27, 2020
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Investors
Visa
& 31 more
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Employee Count
97
as on Dec 31, 2023
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Acquired by
Visa
(Jul 22, 2021)
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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
People of Currencycloud
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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.
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.
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IFC is focused on private sector development in emerging markets.
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Venture capital investment in European business software companies, focusing on early-stage opportunities in London.
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Corporate backed venture capital fund investing in multiple sectors
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Investor details for Currencycloud
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Investments & Acquisitions by Currencycloud
Investment portfolio details for Currencycloud
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Financial Statements - Currencycloud
Detailed financials for Currencycloud
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Currencycloud Comparisons
Peer comparison for Currencycloud
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Competitors of Currencycloud
Currencycloud operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Cross-border payments are enabled for businesses via diverse payout methods.
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Forex risk management and payment solutions are provided for businesses.
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Cross-border payments are processed for businesses via tools and APIs.
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Global payment solutions are provided by Rapyd to businesses worldwide.
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Cross-border money transfer solutions are provided for businesses globally.
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Detailed competitors of Currencycloud
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Latest news on Currencycloud
Complete news archive for 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 current CEO of Currencycloud.
Currencycloud is a funded company, having raised a total of $196.3M across 12 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Currencycloud is 97.
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 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.