‘Hero of FinTech'1 creating a world where moving money is easy
LONDON, UK (16 April 2014): The Currency Cloud, an international payments engine, has raised $10m in a Series B funding round to complement the $9M invested in 2012. The full round came from existing investors Atlas Venture, Anthemis Group, Notion Capital and XAnge Private Equity with Silicon Valley Bank providing a further line of capital.
Making an international payment through traditional channels can be expensive, opaque and complicated due to out dated processes and high margin foreign exchange practices. The Currency Cloud is a software-as-a-service company, which believes small businesses and consumers deserve a better service, and that technology is the way to deliver it.