What is Currencycloud?
Currencycloud is a London-based financial technology company that provides a robust Payment Engine designed to automate financial services for its clients. By offering access to real-time wholesale rates and a fast, secure payment network, Currencycloud empowers businesses to optimize their cross-border transactions and manage foreign exchange more effectively. The company's core offering facilitates seamless international payments, catering to a diverse range of businesses seeking efficient and cost-effective global financial solutions.
How much funding has Currencycloud raised?
Currencycloud has raised a total of $108.2M across 7 funding rounds:
Series A
$4M
Private Equity
$3M
Series B
$10M
Series C
$18M
Series D
$25M
Other Financing Round
$6.9M
Series E
$41.3M
Series A (2012): $4M with participation from Anthemis Group and Atlas Venture
Private Equity (2012): $3M led by Notion Capital and Anthemis Group
Series B (2014): $10M supported by XAnge Private Equity, Anthemis Group, Atlas Venture, Notion Capital, and Silicon Valley Bank
Series C (2015): $18M featuring Anthemis Group, Atlas Venture, XAnge, Notion Capital, and Sapphire Ventures
Series D (2017): $25M backed by Notion Capital, Sapphire Ventures, Anthemis Group, and Google Ventures
Other Financing Round (2018): $6.9M with participation from Accomplice VC and Kreos Capital
Series E (2019): $41.3M, investors not publicly disclosed
Key Investors in Currencycloud
Notion Capital
Notion Capital is a leading early-stage venture capital firm based in London, specializing in investments in B2B SaaS and cloud services across Europe. The firm provides investment capital and expert support to help ambitious brands scale their ventures.
Anthemis Group
Founded in 2010 and headquartered in London, UK, Anthemis cultivates change in financial services by investing in, growing, and sustaining businesses.
Accomplice VC
Accomplice and Jump Capital is a venture capital firm. They invest in technology startup companies. The company is based in Massachusetts, United States.
What's next for Currencycloud?
With a history of substantial capital injections, including its most recent major strategic investment, Currencycloud is well-positioned for its next phase of expansion. The company's consistent ability to attract significant backing suggests a strong market demand for its innovative payment solutions and a clear trajectory for scaling its operations. Future developments are likely to focus on enhancing its platform capabilities, expanding its global reach, and further solidifying its competitive edge in the dynamic fintech landscape. The ongoing investment signals confidence in Currencycloud's business model and its potential to disrupt traditional financial services.
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