# The Currency Cloud Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-currency-cloud-group

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.currencycloud.com
- Total disclosed funding: $178M
- Latest round: Series E (Jan 24, 2020)
- Investors on record: 17

## About

Founded in 2012 and based in London, UK, The Currency Cloud Group Limited operates as a provider of cross-border cloud payments for businesses. The company was founded by Mike Laven (CEO), alongside Nigel Verdon, Richard Arundel, and Stephen Lemon. In 2020, The Currency Cloud Group Limited raised EUR 72.5 million in Series E funding co-led by new investor Visa, Inc. and returning investor Sapphire Ventures, with participation from other new investors. In July 2021, The Currency Cloud Group Limited was acquired by Visa Inc.

The company is composed of banking experts, fintech experts, and FX experts who created a cross-border cloud payments platform that enables businesses to organize their payment processes and build their own payment infrastructure based on their specific needs. The platform can perform payments overseas, fund transfers, real-time conversion, and manage various payment options.

The combination of Currencycloud’s fintech expertise and Visa’s network will enable the company to deliver greater customer value to businesses moving money across borders.

## Funding rounds

- Series E, Jan 24, 2020, $80M — SBI Holdings, Sapphire Ventures, Notion Capital, GV, Anthemis, Visa Inc., Siam Commercial Bank, [DUP] International Finance Corporation, Accomplice, SCB10X, BNP Paribas
- Series E, Jun 4, 2019, $40M — Banco Santander, GV, Goldman Sachs Asset Management
- Series D, Dec 22, 2016, $25M — Sapphire Ventures, Notion Capital, GV, Anthemis, Rakuten Capital
- Series C, Apr 23, 2015, $18M — Atlas Venture, Sapphire Ventures, XAnge, Notion Capital, Anthemis, Rakuten Capital, Accomplice
- Series B, Dec 16, 2013, $11M — Atlas Venture, XAnge, Notion Capital, Silicon Valley Bank, Anthemis
- Series A, Nov 16, 2011, $3.9M — Atlas Venture, Anthemis

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A, Series B, Series C
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series A, Series B, Series C, Series D, Series E
- XAnge (https://capitalatlas.ai/funds/xange) — Series B, Series C
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series B, Series C, Series D, Series E
- Silicon Valley Bank — Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C, Series D, Series E
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series C, Series D
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Series C, Series E
- GV (https://capitalatlas.ai/funds/gv) — Series D, Series E
- Banco Santander — Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E
- SBI Holdings — Series E
- Visa Inc. — Series E
- Siam Commercial Bank — Series E
- [DUP] International Finance Corporation — Series E
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Series E
- BNP Paribas — Series E