Currencycloud

remittancessoftware/whitelabel/apis-remittancenetwork settlement

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 10/07/2020

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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

Payment engine for cross border businesses.

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

REVENUE

0.0 in 2013

TRANSACTIONS VALUE:

$4.8 B

ACTIVE USERS:

0.2500

People

FOUNDERS

Nigel Verdon

Stephen Lemon

BOARD MEMBERS AND ADVISORS

Jason Henrichs

Jos White

Ryan Moore

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accomplice

Anthem Venture Partners

Anthemis Group

Atlas Venture

GV

Notion Capital

Rakuten

Sapphire Ventures

SCB 10X

Silicon Valley Bank

Siparex

Visa

XAnge

XAnge Private Equity

KEY EMPLOYEES:

Mike Laven

Richard Arundel

Momentum

FUNDED

YES

TOTAL FUNDING

$141.26 M

DATE OF LAST FUNDING

Jan 2020

FUNDING SERIES

SERIES A  · $4 M  · Mar 2012

SERIES B  · $10 M  · Apr 2014

SERIES C  · $18 M  · Jun 2015

SERIES D  · $24.35 M  · Mar 2017

SERIES E  · $80 M  · Jan 2020

OTHERS  · $4.91 M · Oct 2012

DEBT FUNDING

$6.86 M

PRIZE MONEY

$24.12 M

LISTED

NO

COMMENT

Venture funding: $3 M(July 2012).

BASICS

FOUNDING YEAR:

2012

LOCATION:

United Kingdom

Views:

383 VISITORS | 736 VIEWS
LATEST FUNDING ROUND

$141 M

TOTAL EMPLOYEES
51-200

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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+
Momentum+
Traction+
People+
Other+

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Currencycloud

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.

People

FOUNDERS

Nigel Verdon

Stephen Lemon

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

founder: Mike Laven

FOUNDER: Nigel Verdon

FOUNDER: Stephen Lemon

founder: Richard Arundel

BOARD MEMBERS AND ADVISORS:

Jason Henrichs, Jos White, Ryan Moore

INVESTORS:

Accomplice

Anthem Venture Partners

Anthemis Group

Atlas Venture

Atlas Venture

Atlas Venture

Atlas Venture

Atlas Venture

Atlas Venture

GV

GV

GV

GV

GV

GV

Notion Capital

Rakuten

Sapphire Ventures

Sapphire Ventures

Sapphire Ventures

Sapphire Ventures

Sapphire Ventures

Sapphire Ventures

SCB 10X

SCB 10X

SCB 10X

SCB 10X

SCB 10X

Silicon Valley Bank

Siparex

Visa

Visa

Visa

Visa

Visa

XAnge

XAnge Private Equity

Momentum

FUNDED

YES

LISTED

NO