Currency Cloud

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 03/09/2020

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About

Currency Cloud Connect is designed for customers who want to make payments. By accessing the currency Payment Engine via API, customers can automate end-to-end international payment processes and deliver sophisticated solutions which are tailor-made.

MEDICI Analysis

Currency Cloud Connect is designed for customers who want to make payments. By accessing the currency Payment Engine via API, customers can automate end-to-end international payment processes and deliver sophisticated solutions which are tailor-made.

Focus

PRODUCTS & SERVICES

Currencycloud's Payment Engine is built by developers, with developers in mind. By building a sophisticated Payment Engine we have taken the complexity out of international payments both for our Clients – who are developing game-changing services on top of the Payment Engine – and for our clients’ customers.

REVENUE MODEL

Currency Cloud operates a series of APIs that connect a company’s payroll and accounting straight into banks in their chosen country—potentially bypassing traditional foreign exchange systems and a radical proposition that costs an average of 0.5% and 1% per transaction.

MAIN CLIENTS

Mango Pay

Fair Fx RM capital

TransferWise

Kantox

Zipcard

etc.

EXISTING PARTNERSHIPS

Arkea Banking Services

XE.com and Currency Cloud Partner to deliver a uk money transfer solution for businesses.

Traction

VALUATION / MARKET CAP:

$305.09 M in 2017

REVENUE

0.0 in 2013

TRANSACTIONS VALUE:

$4.8 B

ACTIVE USERS:

0.2500

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Currency Cloud

About

Currency Cloud Connect is designed for customers who want to make payments. By accessing the currency Payment Engine via API, customers can automate end-to-end international payment processes and deliver sophisticated solutions which are tailor-made.

Focus

PRODUCTS & SERVICES

Currencycloud's Payment Engine is built by developers, with developers in mind. By building a sophisticated Payment Engine we have taken the complexity out of international payments both for our Clients – who are developing game-changing services on top of the Payment Engine – and for our clients’ customers.

REVENUE MODEL

Currency Cloud operates a series of APIs that connect a company’s payroll and accounting straight into banks in their chosen country—potentially bypassing traditional foreign exchange systems and a radical proposition that costs an average of 0.5% and 1% per transaction.

Traction

ANNUAL REVENUE:

0.00

TRANSACTIONS VALUE:

4.8 B

ACTIVE USERS/ACCOUNTS:

0.2500 Million

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

51-200

BOARD MEMBERS AND ADVISORS:

Jason Henrichs, Jos White, Ryan Moore

INVESTORS:

Accomplice

Anthem Venture Partners

Anthemis Group

Atlas Venture

GV

Notion Capital

Rakuten

Sapphire Ventures

Silicon Valley Bank

Siparex

XAnge

XAnge Private Equity

Momentum

FUNDED

YES

TOTAL FUNDING:

$32 M

LISTED

NO

FUNDING SERIES

SERIES A  · $4 M  · ---

SERIES B  · $10 M  · Apr 2014

SERIES C  · $18 M  · Jun 2015