Currencycloud - About the company
Currencycloud is an acquired company based in London (United Kingdom), founded in 2007 by Nigel Verdon, Stephen Lemon and Rich Arundel. It operates as a Provider of cross-border payment solutions and multi-currency payment infrastructure. Currencycloud has raised $196M in funding from investors like Sapphire Ventures, Notion and Visa, with last known valuation of $*****. The company has 75 active competitors, including 13 funded and 6 that have exited. Its top competitors include companies like NIUM, Thunes and Ingenico.
Company Details
Provider of cross-border payment solutions and multi-currency payment infrastructure. The platform offers tools to collect, convert, pay, and manage international transactions. It provides application programming interface integration, direct platform access, and white-label platform options. The company delivers virtual wallets, named accounts, and global payment capabilities.
- Website
- www.currencycloud.com
- Social
- Email ID
- *****@currencycloud.com
- Registered Address
- Stewardship Building, 1st Floor, 12 Steward Street, London, England, E1 6FQ
Key Metrics
Founded Year
2007
Location
London, United Kingdom
Stage
Acquired
Total Funding
$196M in 12 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jul 22, 2021
Investors
Ranked
2nd among 75 active competitors
Annual Revenue
£85.5M as on Sep 30, 2023
Employee Count
306 as on Mar 31, 2026
Exit Details
Acquired by Visa (Jul 22, 2021)
Legal entities associated with Currencycloud
Currencycloud is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
The Currency Cloud Limited CIN: 6323311 , Germany, Active | Jul 24, 2007 | $105M (As on Sep 30, 2023) | 97 (As on Dec 31, 2023) |
Currencycloud's acquisition details
Click here to take a look at Currencycloud's acquisition in detail
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Currencycloud's funding and investors
Currencycloud has raised a total funding of $196M over 12 rounds. Its first funding round was on Mar 26, 2009. Its latest funding round was a Series E round on Jan 27, 2020 for $*****. 10 investors participated in its latest round. Currencycloud has 30 institutional investors and 16 angel investors.
Here is the list of recent funding rounds of Currencycloud:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 27, 2020 | 9639682 | Series E | 9650942 | 3559001 | 3460462 | 8258481 |
Aug 14, 2019 | 5814154 | Grant (prize money) | 8601934 | 5911671 | 6198414 | |
Jul 02, 2019 | 9938560 | Series E | 8345256 | 1713513 |
Access funding benchmarks and valuations. Sign up today!View details of Currencycloud's funding rounds and investors
Currencycloud's founders and board of directors
Founder? Claim ProfileHere are the details of Currencycloud's key team members:
- Nigel Verdon: Former Co-Founder of Currencycloud and founder of 3 other companies, Railsr, Railsbank and Currency Cloud. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 1 email address
- Stephen Lemon: Former Co-Founder of Currencycloud and founder of 3 other companies, HiFX, IndiGo and Indigo. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Rich Arundel: Co-Founder of Currencycloud. Contact Info: 1 email address
Currencycloud's Board of Directors
Currencycloud's board has 9 active members. Mitchel Andrew Lenson, Andreas Weiskam, Samantha Ghiotti, Jos White, Mike Laven and Mitchel Lenson are part of team and Tarne Kelly Bevan, Ryan Moore and Colleen Elise Ranney Ostrowski are independent board members.Here is the list of Currencycloud's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
ffncqik | Team | - | Past | 6y 3m |
xdfmdmr | Team | - | Past | 9y 5m |
{rykpdo | Team | - | Current | 5y 1m |
Investor | - | Current | 10y 10m | |
Investor | Sapphire Ventures | Current | 10y 8m | |
{fovnwe | Investor | flwerqm | Current | 8y 1m |
qnljxwy | Investor | kcae{m{ | Current | 7y 3m |
ukzzntc | Investor | {auonym | Current | 8y 7m |
cgfeaxo | Investor | cahfgdk | Past | 2y 7m |
Independent board member | - | Current | 6y 10m | |
fveubkh | Independent board member | - | Current | 7y 1m |
wdrwetk | Independent board member | - | Current | 8y 4m |
lagufva | Independent board member | - | Past | 7y 6m |
nczvzya | Independent board member | - | Past | 4y 1m |
lhjrmpl | Independent board member | - | Past | 1y 8m |
myxckli | Independent board member | - | Past | 9y 9m |
hahsete | Independent board member | - | Past | 5y 2m |
View details of Currencycloud's Founder profiles and Board Members
Currencycloud's employee count trend
Currencycloud has 306 employees as of Mar 26. Here is Currencycloud's employee count trend over the years:
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Currencycloud's Competitors and alternates
Top competitors of Currencycloud include NIUM, Thunes and Ingenico. Here is the list of Top 10 competitors of Currencycloud, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cross-border money transfer solutions for businesses | $312M | 78/100 | ||
2nd |  Currencycloud 2007, London (United Kingdom), Acquired | Provider of cross-border payment solutions and multi-currency payment infrastructure | $196M | 65/100 | |
3rd | Cross-border payment infrastructure provider | $362M | 73/100 | ||
4th | Provider of payment acceptance devices, estate management, and commerce enhancing solutions | - | 68/100 | ||
5th | A cross-border payment solution that enables businesses to collect, hold, and pay seamlessly across international borders | $21.9M | 68/100 | ||
6th | Payment processing solutions for businesses | $11.7M | 64/100 | ||
7th |  Routefusion 2018, Austin (United States), Series A | Cross-border money transfer solutions for businesses | $40.7M | 59/100 | |
8th |  Shield 2022, Miami (United States), Seed | Provider of payment solutions enabling businesses to accept stablecoins and digital assets. | $7.1M | 57/100 | |
9th |  Cadana 2020, New York City (United States), Series A | Provider of infrastructure for global workforce payments, contractor management, and EOR | $7.4M | 51/100 | |
10th |  Cauridor 2022, Lewes (United States), Seed | Connecting businesses to Africa through seamless, digital payment solutions | $3.5M | 50/100 |
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Currencycloud's Investments and acquisitions
Currencycloud has made no investments or acquisitions yet.
Reports related to Currencycloud
Here is the latest report on Currencycloud's sector:
News related to Currencycloud
Filter this listMedia has covered Currencycloud for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Currencycloud powers FXellence’s new cross-border payment platformElectronic Payments International•Feb 07, 2025•Currencycloud, FXellence
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Fxellence Launches Multimarket Cross-border Payment Solution Powered By CurrencycloudBusiness Wire•Feb 06, 2025•Currencycloud, FXellence
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Metaprise to Use Currencycloud to Transform Cross-Border Payments for E-Commerce BusinessesBusiness News This Week•Aug 14, 2024•Metaprise, Currencycloud
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Currencycloud Partners With Form3 to Boost Confirmation of Payee Fraud Detection Offering in the UKFintech Finance•May 29, 2024•Form3, Currencycloud
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Paysend And Currencycloud Sign Major Global Expansion DealFintech Finance•Mar 27, 2024•PaySend, Currencycloud, Finyoz
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Currencycloud partners with multifiThe Paypers•Jan 11, 2024•Currencycloud, Multicraft Digital Technologies, multifi
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