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Two Months after Revamp, The Currency Cloud Acquires Another $10 Mn Funding

On 11th February 2014, The Currency Cloud announced a major revamp of its payments service – new streamlined payment integration, new look and other features. Yesterday, 15th April 2014, the company announced that it had raised another $10 Mn in a series B funding round through existing investors Atlas Venture, Notion Capital, Anthemis Group, XAnge Private Equity and Silicon Valley Bank.

According to the Bank for International Settlements, the average daily turnover in global foreign exchange markets is estimated at over $4 trillion. As of today the vast majority of those cross-border payments are done through banks and the typically they charge a ...

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