Currencycloud
OverviewSuggest Edit
Currencycloud is a developer of a foreign exchange payments automation platform aimed to provide cross-border payments through API. The Company is re-imagining the way money flows through the global digital economy, allowing payment firms to remove the friction and inefficiencies of traditional cross-border payments.
| Type | Private | |
| Founded | 2012 | |
| HQ | London, GB | Map |
| Website | currencycloud.com | |
| Employee Ratings | More |
Key People/Management at Currencycloud
Mike Laven
CEO
Ed Addario
Chief Technology Officer
Stephen Lemon
Co-Founder, VP Corporate Development
Fiona Tee
Chief Finance Officer
Tanya Ziv
Chief Compliance Officer
Stuart Bailey
Chief Product Officer
Currencycloud Office Locations
Currencycloud has offices in London, Cardiff and New York
London, GB (HQ)
12 Steward St
Cardiff, GB
12 Cathedral Rd
New York, US
104 5th Ave 20th Floor
Currencycloud Financials and Metrics
Summary Metrics
Founding Date | 2012 |
Currencycloud total Funding | $181.8 m |
Currencycloud latest funding size | $80 m |
Time since last funding | 9 months ago |
Currencycloud investors | Goldman Sachs, Silicon Valley Bank, Atlas Venture, Sapphire Ventures, Visa, Notion Capital, Anthem Venture Partners, International Finance Corporation, BNP Paribas, Anthemis Group, GV, Accomplice, Xange, Rakuten FinTech Fund, Anthemis, SBI Group, Banco Santander, Siam Commercial Bank |
Currencycloud's latest funding round in January 2020 was reported to be $80 m. In total, Currencycloud has raised $181.8 m
Currencycloud Revenue
Currencycloud's revenue was reported to be £20.35 m in FY, 2018
| GBP | |
|---|---|
Revenue (FY, 2018) | 20.4m |
Gross profit (FY, 2018) | 10.9m |
Gross profit margin (FY, 2018), % | 53.4% |
Net income (FY, 2018) | (8.9m) |
EBIT (FY, 2018) | (8.7m) |
Cash (31-Dec-2018) | 11.3m |
- Source: Company Filings
- Source: Company Filings
| GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 645.0 | 4.5k | 1.5m | 3.6m | 10.8m | 13.8m | 1.5m | 7.4m | 17.7m | 9.1m | 11.3m |
Accounts Receivable | 296.0k | 173.0k | 589.0k | 475.0k | 926.0k | 1.0m | 2.7m | ||||
Prepaid Expenses | 971.0k | 716.0k | |||||||||
Inventories |
- Source: Company Filings
| GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (21.7k) | (42.9k) | (80.6k) | (631.2k) | (1.6m) | (2.0m) | (4.6m) | (5.8m) | (10.6m) | (10.9m) |
Depreciation and Amortization | 181.0k | 178.0k | ||||||||
Accounts Payable | (152.0k) | 9.3m | ||||||||
Cash From Operating Activities | (592.5k) | 5.1m | (1.8m) | (13.4m) | (5.7m) | (489.0k) | (17.8m) |
- Source: Company Filings
| GBP | FY, 2008 |
|---|---|
Financial Leverage | -0.6 x |
Currencycloud Cybersecurity Score
Currencycloud Revenue Breakdown
Currencycloud revenue breakdown by business segment: 30.0% from Commission Receivable, 48.4% from Platform Usage Fee, 21.2% from Transactional Fee and 0.4% from Other
Currencycloud Online and Social Media Presence
5.94k Twitter followers
Currencycloud has 5.94k Twitter Followers. The number of followers has increased 0.8% month over month and increased 1.3% quarter over quarter
Currencycloud's Trends
Twitter Engagement Stats for @Currencycloud
4.9k
Tweets
1.9k
Following
5.9k
Followers
32
Tweets last 30 days
2
Avg. likes per Tweet
93.8%
Tweets with engagement
Currencycloud News and Updates
September 22, 2020
Currencycloud and Tribe Payments join forces
Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future of payments technology across the ecosystem, have partner
September 08, 2020
Dunbridge Financial partners with Currencycloud for foreign exchange & international payments
Dunbridge Financial, the Toronto-based international payments company, has partnered with Currencycloud, the leader in providing B2B embedded cross-border solutions, to offer their customers the opp
September 02, 2020
Currencycloud APIs to be embedded in VoPay payments-as-a-service platform
VoPay, a leader in payment technology innovation, and Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, have announced a partnership to deli
August 26, 2020
Contis brings international payments to 1m account holders with Currencycloud partnership
Leading European payments provider, Contis, has partnered with Currencycloud, the leader in providing B2B embedded cross-border solutions, to make international payments available for over 1 million a
August 05, 2020
Starling, TranSwap and Remitr among first wave to sign up to Currencycloud Spark
Currencycloud, the leader in providing embedded cross-border payments, today announces the wider rollout of Currencycloud Spark – its multi-currency wallet infrastructure – with Starling Bank, TranSwa
July 15, 2020
Currencycloud secures e-money license from Dutch Central Bank
Global payments platform Currencycloud announced it has secured an e-money license from the Dutch Central Bank (De Nederlandsche Bank), allowing it to continue operating across the EU.
Currencycloud Blogs
August 10, 2020
Energize your receivables and payments process with Currencycloud Spark
As the world of cross-border payments is always changing, we are always striving to change with it and provide clients with industry-leading products and solutions to keep up the pace. Our latest product, Currencycloud Spark, is ready to do just that and help fast-forward businesses by adding a bit…
August 03, 2020
How (and Why) to Evolve Your Fintech Platform into a Digital Bank
Does this story sound familiar? You got Netflix several years ago for on-demand movies. Then you added Hulu for some TV. You recently added Disney+ (and you pretend it’s for the kids). Until last year, you had cable for the news and sports. But this year, you got rid of it because digital services a…
July 29, 2020
COVID Consequences: The Digital Banking Trends that Will Shape H2 in 2020
The question on the minds of Fintech leaders around the globe: How does COVID-19 impact the digital banking industry? In 2019, digital banking was booming. More businesses than ever — from fintechs to small banks — looked to expand their offerings and disrupt the traditional banking industry, partic…
July 16, 2020
Embedded finance: why banks embrace Fintech partnerships
Today’s consumers are tech-savvy and expect every digital platform to be as quick and easy to use as Amazon or Apple. The same is occurring in the banking space, where capital markets groups are increasingly looking for end-to-end, scalable solutions in otherwise fragmented markets. In order to sat…
July 06, 2020
What does it take to build a challenger bank?
A common feature of most successful challenger banks is that they don’t try to do everything – at least not immediately, and not on their own. Instead, the best challengers build out their offering by partnering with specialist fintechs, or choosing from the vast array of off-the-shelf financial s…
June 23, 2020
How German challenger banks are redefining business banking
Germany has seen considerable growth and innovation in digital banking over the past decade. Among the digital challengers who have disrupted the traditional banking market are Penta, Fidor Bank and N26. Penta, launched in 2017, is the newest arrival of these three, but it is making significant str…
Currencycloud Frequently Asked Questions
When was Currencycloud founded?
Currencycloud was founded in 2012.
Who are Currencycloud key executives?
Currencycloud's key executives are Mike Laven, Ed Addario and Stephen Lemon.
How many employees does Currencycloud have?
Currencycloud has 232 employees.
What is Currencycloud revenue?
Latest Currencycloud annual revenue is £20.4 m.
What is Currencycloud revenue per employee?
Latest Currencycloud revenue per employee is £87.7 k.
Who are Currencycloud competitors?
Competitors of Currencycloud include PPRO Group, CashUnited and Xendit.
Where is Currencycloud headquarters?
Currencycloud headquarters is located at 12 Steward St, London.
Where are Currencycloud offices?
Currencycloud has offices in London, Cardiff and New York.
How many offices does Currencycloud have?
Currencycloud has 3 offices.
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