Currency Cloud

The Currency Cloud delivers Cross Border Payments as a Service. Our platform leverages the Cloud to provide access to and optimise across a multitude of payment networks and exchange rate providers, provide comprehensive administration and control features and fully automate the entire payments lifecycle from pricing and beneficiary management, through execution & receipt to settlement and reporting.

We are a principally a B2B business. Consumers and corporates, particularly SMEs, benefit from our capabilities via our customers. We improve the payment services offered by financial institutions, brokers, IFAs, online and mobile payment providers, pre-paid card providers, digital currency exchanges, amongst many. By utilising The Currency Cloud as their core payments platform, these firms lower their own costs and deliver a more transparent and lower cost service to their own clients.

We also deliver our services to corporates through channel partners - embedding our capabilities (via our XBPConnect API) within corporate treasury services such as ERP, Accounting and E-invoicing, to significantly improve a businesses workflow and integration, reducing transaction costs and operational risk and overhead for businesses.

Type
Private
HQ
London, GB
Founded
2012
Employees
96 (est)+4%

Key People at Currency Cloud

Nigel Verdon

Nigel Verdon

Chairman and Founder
Mike Laven

Mike Laven

CEO
David Mason

David Mason

CFO
John Hammond

John Hammond

Chief Commercial Officer
Rachel Nienaber

Rachel Nienaber

VP of Engineering
Martin Threakall

Martin Threakall

VP of Operations

Currency Cloud Locations

London, GB
New York, US
Valetta, MT

Currency Cloud Metrics

Currency Cloud Summary

Founding Date

2012

Total Funding

$35 M

Latest funding size

$18 M

Time since last funding

over 1 year

Investors

Currency Cloud Financials

FY, 2013FY, 2014FY, 2015

Revenue

£1.7 B£3.48 B£4.22 B

Revenue growth, %

104.3%21.3%

Cost of sales

£1.7 B£3.48 B£4.22 B

Gross profit

£1.69 M£1.88 M£2.89 M

Gross profit Margin, %

0.1%0.1%0.1%

Operating expense total

£3.83 M£6.75 M£9.04 M

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