Currencycloud
Established: 2007
Country: United Kingdom
Region: London
Investors: TempoCap, Sapphire Ventures, Google Ventures, Notion, Anthemis, Accomplice
Currencycloud is the global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. With clients including banks looking for seamless global payments solutions, fintechs building next gen, disruptive finance platforms and FX brokers seeking online end-to-end automation, Currencycloud’s cloud-based platform reimagines the ways in which money flows around the global economy.
The Currencycloud platform supports nearly 500 banking and technology clients with reach in over 180 countries. In 2021, Visa announced its intention to acquire Currencycloud, with a valuation of £700m. The company’s partnership with Visa extends its existing foreign exchange capabilities to better serve financial institutions, fintechs and partners while enabling new use cases and payment flows.
500
banking and technology clients
$200billion
in transactions since 2012
420
employees
At Currencycloud, we’ve always strived to deliver a better tomorrow for all, from the smallest start-up to the global multi-nationals. The combination of Currencycloud’s fintech expertise and Visa’s network will enable us to deliver greater customer value to the businesses moving money across borders.
Key achievements
Currencycloud supports almost 500 banking and technology clients with reach in over 180 countries, with 35 different currencies
The company raised over $130m from a range of venture capital firms
Visa acquired the company at a valuation of approximately £700m
Since 2012, Currencycloud has processed more than $200bn in transactions
For TempoCap, the acquisition resulted in a cash-on-cash multiple at closing of 5.2x in one and a half years and an IRR of 296%
TempoCap won the RealDeals VC/Growth deal of the year award in 2023 for its investment in Currencycloud
At the time of acquisition, the company had approximately 420 employees.
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Investors
