Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

EXCLUSIVE: E-commerce firm Paddle buys DevMate for ‘seven figure sum’

AdTech & MarTech

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $9.5m

News

Research spotlights lack of women in UK venture capital industry

Press Releases

Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured
London tech startup Spoon Guru partners with Tesco to power food searches for consumers with specific dietary needs

Currencycloud raises $18m Series C round

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

London fintech firm Currency Cloud has raised an $18m Series C investment round, led by Sapphire Ventures and joined for the first time by Rakuten’s Fintech Fund.

Currency Cloud currently works with more than 125 payments platforms, including Transferwise and World Remit, processing $10bn of payments per year across 212 countries.

Having recently opened a New York office, the money will be used to support further international expansion, along with being invested in R&D.

TransferWise, WorldRemit and Currencycloud: How UK startups are shaking up the remittance market

The company has already raised $17m in three previous rounds, bringing total funding since it launched in 2012 to $36m.

All of its existing investors, including Anthemis, Atlas Ventures, Notion Capital and XAnge Private Equity, have increased their stakes.

Andreas Weiskam, MD of Sapphire Ventures, will join the board of directors. He said: “Sapphire Ventures is committed to backing high-growth companies with the potential to disrupt markets globally. By enabling transparent, efficient and secure transactions, Currency Cloud is revolutionising how businesses can move money worldwide.”

Currency Cloud CEO, Mike Laven, added: “We would like to thank our new and existing investors for their support of Currency Cloud. We have big plans for the business, and are proud to have a team on board that share and believe in this vision.

“The involvement of established institutional investors, Sapphire Ventures and Rakuten FinTech Fund will add a new dimension to our global ambition as we consolidate relationships with technology and banking partners worldwide.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

paddle team

EXCLUSIVE: E-commerce firm Paddle buys DevMate for ‘seven figure sum’
posted 37 mins ago

CalumSmeaton

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $9.5m
posted 3 hours ago

diversity uk vc

Research spotlights lack of women in UK venture capital industry
posted 5 hours ago

Labour’s Manifesto: what does it mean for UK tech?
posted 7 hours ago

Theresa May

UK startups predict difficult times ahead following EU tech funding freeze
posted 23 hours ago

savemoneycutcarbon

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m
posted 24 hours ago