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.

TypePrivate
Founded2012
HQLondon, GB
Websitecurrencycloud.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Aug 2022)516
Job Openings50
Revenue (FY, 2018)£20.4 M(+50%)
Cybersecurity ratingAMore
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Key People/Management at Currencycloud

Mike Laven

Mike Laven

Chief Executive Officer
Ed Addario

Ed Addario

Chief Technology Officer
Fiona Tee

Fiona Tee

Chief Financial Officer
Stephen Lemon

Stephen Lemon

Co-Founder, Vice President Corporate Development
Mark Ledsham

Mark Ledsham

Chief Operating Officer
Tanya Ziv

Tanya Ziv

Chief Compliance Officer
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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, NY, US
104 5th Ave 20th Floor
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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

3 years ago

Currencycloud investors

Currencycloud's latest funding round in January 2020 was reported to be $80 m. In total, Currencycloud has raised $181.8 m
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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
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.7k149.1m161.5m397.5m1.7b3.5b4.9m7.5m13.6m20.4m

Revenue growth, %

53%

Cost of goods sold

148.7m161.0m396.8m1.7b3.5b2.0m4.3m6.7m9.5m

Gross profit

394.0k525.1k694.0k1.7m1.9m2.9m3.2m6.9m10.9m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

645.04.5k1.5m3.6m10.8m13.8m1.5m7.4m17.7m9.1m11.3m

Accounts Receivable

296.0k173.0k589.0k475.0k926.0k1.0m2.7m

Prepaid Expenses

971.0k716.0k

Inventories

GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 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

181.0k178.0k

Accounts Payable

(152.0k)9.3m

Cash From Operating Activities

(592.5k)5.1m(1.8m)(13.4m)(5.7m)(489.0k)(17.8m)
GBPFY, 2008

Financial Leverage

-0.6 x
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Currencycloud Operating Metrics

Currencycloud's Customers was reported to be 200 in Mar, 2017.
FY, 2014FY, 2015FY, 2016Mar, 2017Jul, 2019

Payments Processed, units

358 k717 k1.51 m

Payments' Volume

$6 b

Customers

200

Payments Processed to Date

$25 b$50 b

Currencycloud Revenue Breakdown

Embed Graph

Currencycloud revenue breakdown by business segment: 48.4% from Platform Usage Fee, 30.0% from Commission Receivable, 21.2% from Transactional Fee and 0.4% from Other

Currencycloud Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Currencycloud Online and Social Media Presence

Embed Graph

Currencycloud News and Updates

Currencycloud contracts with Clausematch

Currencycloud, the experts simplifying business in a multi-currency world, have contracted Clausematch, the global regulatory technology (RegTech) company and compliance experts, to implement its policy management solution.

Instajet partners Currencycloud

Instajet, the private jet community redefining private aviation, has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer a robust fixed pricing model, and exceptional safeguarding of its high value transactions.

Visa completes acquisition of Currencycloud

First announcing the deal in July 2021, Visa has completed its acquisition of Currencycloud - a global platform enabling banks and fintechs to provide foreign exchange solutions for cross-border payments.

Unit taps Currencycloud for cross-border payments

Unit, the New York-based banking-as-a-service platform (BaaS), has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfill both domestic and international banking needs.

Lightyear incorporates CurrencyCloud into investment app

London-based Fintech start-up Lightyear has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to achieve their goal of removing hidden fees when investing globally.

Xantos Labs offers investment advice to a global audience through partnership with Currencycloud

Xantos Labs, the investment adviser for everyday folks, has announced its plans for international expansion following its partnership with Currencycloud, the experts simplifying business in a multi-currency world.
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Currencycloud Blogs

Currencycloud teams up with Clausematch to enable future growth

Currencycloud, the experts simplifying business in a multi-currency world, have contracted Clausematch, the global regulatory technology (RegTech) company and compliance experts, to implement its policy management solution.  Clausematch’s solution will allow Currencycloud to effectively manage... Th…

Superapp Bano partners with Currencycloud to simplify finance for Australia’s Gen Z

Currencycloud, the experts in simplifying business in a multi-currency world, has been chosen by Bano, the new Australia-based financial superapp aimed at making finances easier for Millennials and GenZ internationals, to launch its FX Converter... The post Superapp Bano partners with Currencycloud …

LGBTQ+ Highlight Month – Non-Binary Identity

An important thing to clarify before getting into detail on what non-binary means, and my own experience as a non-binary person, is what the difference between sex and gender is, and why it’s important.  Our... The post LGBTQ+ Highlight Month – Non-Binary Identity appeared first on Currencycloud.

Swinto partners with Currencycloud to help formalize Kosova economy

Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with Swiss-based Velanis AG to launch Swinto, a financial app that offers easy, accessible instant money transfers to Swiss-based Kosovars, at no charge... The post Swinto partners with Currencycloud to help …

Wombat partners with CC to launch free Instant Investment service

UK-based micro-investment platform Wombat has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to launch its new, free, Instant Investing account to give investors the ability to invest instantly in the... The post Wombat partners with CC to launch free In…

Four years on, why it’s urgent marketplaces embrace PSD2

Back in 2017 we predicted that PSD2 would open up a world of opportunities for marketplaces, and since coming into effect in 2019, it has. Yet despite being over three years old, some online marketplaces... The post Four years on, why it’s urgent marketplaces embrace PSD2 appeared first on Currencyc…
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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 Fiona Tee.

  • How many employees does Currencycloud have?

    Currencycloud has 516 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 £39.4 k.

  • Who are Currencycloud competitors?

    Competitors of Currencycloud include Monext, CashUnited and Nium.

  • 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.