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 $186.88 million across 10 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
*********
- 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
$186.88 M (USD)
in 10 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
Unlock access to complete
Funding Insights of Currencycloud
Currencycloud has successfully raised a total of $186.88M across 10 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 Total Funding
- Total Rounds 10
- Last Round Series E — $80.0M
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First Round
First Round
(26 Mar 2009)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series E - Currencycloud | Valuation | Visa , Sapphire Ventures | |
| Aug, 2019 | Amount | Grant - Currencycloud | Valuation |
investors |
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| Jul, 2019 | Amount | Series E - Currencycloud | Valuation | Goldman Sachs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Venture capital investment in European business software companies, focusing on early-stage opportunities in London.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Currencycloud
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Currencycloud
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Currencycloud Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cross-border money transfer solutions are provided for businesses globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Currencycloud
Frequently Asked Questions about Currencycloud
When was Currencycloud founded?
Currencycloud was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Currencycloud located?
Currencycloud is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Currencycloud?
Mike Laven is the current CEO of Currencycloud.
Is Currencycloud a funded company?
Currencycloud is a funded company, having raised a total of $186.88M across 10 funding rounds to date. The company's 1st funding round was a Series E of $40.38M, raised on Mar 26, 2009.
How many employees does Currencycloud have?
As of Dec 31, 2023, the latest employee count at Currencycloud is 97.
What is the annual revenue of Currencycloud?
Annual revenue of Currencycloud is $104.92M as on Sep 30, 2023.
What does Currencycloud do?
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.
Who are the top competitors of Currencycloud?
What products or services does Currencycloud offer?
Currencycloud offers Spark, API Integration, Direct Platform, and White Label Platform.
Who are Currencycloud's investors?
Currencycloud has 32 investors. Key investors include Visa, Goldman Sachs, BNP Paribas, Santander, and International Finance Corporation.
What is Currencycloud's valuation?
The valuation of Currencycloud is $220M as of Jan 2020.
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