What is Currencycloud?
Headquartered in London, Currencycloud operates as a sophisticated financial services provider, specializing in the development and automation of payment engines. The company empowers its clients by providing access to real-time wholesale currency rates and a robust, secure payment network. By abstracting the complexities of cross-border transactions, Currencycloud enables businesses to integrate seamless payment capabilities directly into their own product offerings, effectively serving as the backbone for modern digital finance.
The company's market position is defined by its ability to bridge the gap between traditional banking infrastructure and the agility required by modern fintech startups and established enterprises alike. Through its API-first approach, Currencycloud has become an essential component for companies looking to scale their financial operations globally without the overhead of building proprietary payment rails.
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 Atlas Venture and Anthemis Group
Private Equity (2012): $3M led by Anthemis Group and Notion Capital
Series B (2014): $10M supported by XAnge Private Equity, Anthemis Group, Notion Capital, Atlas Venture, and Silicon Valley Bank
Series C (2015): $18M featuring Notion Capital, Sapphire Ventures, Atlas Venture, XAnge, and Anthemis Group
Series D (2017): $25M backed by Anthemis Group, Notion Capital, Sapphire Ventures, 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
Anthemis Group
Founded in 2010 and headquartered in London, UK, Anthemis cultivates change in financial services by investing in, growing, and sustaining businesses.
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.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions and frontier technology innovations.
What's next for Currencycloud?
With the successful completion of its recent funding round, Currencycloud is well-positioned to accelerate its product roadmap and expand its footprint in key international markets. The strategic focus will likely center on enhancing the scalability of its payment engine, deepening its integration with global banking partners, and further refining its wholesale rate offerings to maintain a competitive edge in the B2B SaaS and financial services sectors.
As the firm transitions into its next phase of growth, the emphasis will remain on maintaining the security and reliability of its infrastructure while exploring new avenues for innovation in the cross-border payment space. The continued support from its established investor base provides the necessary stability to pursue long-term objectives, including potential expansion into emerging markets and the development of advanced treasury management tools for its enterprise clientele.
