Remittance Startup Currencycloud Raises $80M From Google Ventures, Visa, Others

Currencycloud, the British payment platform developer, has raised $80 million in its latest round of funding.

Japanese financial services giant SBI Holdings, American payments juggernaut Visa, and World Bank Group member International Finance Corporation were among those that participated in the Series E Round. BNP Paribas and Siam Commercial Bank were also among the new investors, the startup said in an announcement.

Existing investors GV (formerly known as Google Ventures), Anthemis, Sapphire Ventures, and Notion Capital also participated in the round. The round raised the Currencycloud’s total funding to $140 million.

The London-based startup plans to use the capital to strengthen its position in the cross-border payments market by expanding its portfolio of emerging payment methods and developing its partner ecosystem, allowing more people and businesses to “benefit from its next generation cross-border technology.”

“Currencycloud is re-imagining how money flows around the global economy and embedding it into platforms of the future.”  said Currencycloud CEO Mike Laven. “Transfer of value is fast becoming the newest layer in the modern technology stack, and Currencycloud is positioned to provide the infrastructure to make this happen. With these new strategic investors, we are well placed to be the go-to provider for the next wave of Fintech innovation”