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
Fiona Tee
Chief Financial Officer
Stephen Lemon
Co-Founder, VP Corporate Development
Tanya Ziv
Chief Compliance Officer
Richard Arundel
Chief Evangelist & Co-Founder
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
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 | 2 years 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 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 Cybersecurity Score
Currencycloud Online and Social Media Presence
6.36k Twitter followers
Currencycloud has 6.36k Twitter Followers. The number of followers has increased 0.2% month over month and increased 3.1% quarter over quarter
Currencycloud's Trends
Twitter Engagement Stats for @Currencycloud
5.2k
Tweets
1.8k
Following
6.4k
Followers
25
Tweets last 30 days
1.2
Avg. likes per Tweet
88%
Tweets with engagement
Currencycloud News and Updates
September 01, 2021
Switzerland's Intergiro adds Currencycloud to BaaS portfolio
Intergiro, the Sweden-based Banking-as-a-Solution (BaaS) provider, has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to integrate Currencycloud Spark into its portfolio of API solutions.
August 26, 2021
Currencycloud appoints new COO and CTO
Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange services for cross-border payments, has hired a pair of industry veterans to take on the COO and CTO roles.
August 18, 2021
Anna Money to offer international banking with Currencycloud
ANNA Money, the business account and tax app for small businesses, has announced it is working with Currencycloud, the experts simplifying business in a multi-currency world, to enhance its international banking solution for entrepreneurs and small businesses.
August 12, 2021
Currencycloud adds Lucinity to compliance suite
Currencycloud, the experts simplifying business in a multi-currency world, has contracted Lucinity to provide its Actor Intelligence solution as its latest compliance innovation, adding to their compliance solutions by helping to identify issues around money laundering.
July 23, 2021
This Week in European Tech: fresh new funds for Index, Eurazeo and Dawn, Teads plans Nasdaq IPO, Visa buys Currencycloud, and more
Happy Friday! This week, our research team tracked more than 86 tech funding deals worth more than €1.4 billion, and about 18 exits, M&A transactions, and rumours across Europe, including Russia, Israel, and Turkey. As always, we are putting all of them together for you in a handy list sent in o…
July 22, 2021
Visa makes another big bet on fintech, acquires UK’s Currencycloud
Cross-border payments infrastructure provider Currencycloud is being acquired by Visa in a deal that values the company at £700 million. The acquisition arrives just one month after Visa snapped up Swedish fintech Tink in a €1.8 billion deal. Currencycloud and Visa already have a standing partnershi…
Currencycloud Blogs
September 16, 2021
Flutterwave partners with Currencycloud to help accelerate expansion in Europe and US
Africa’s leading payments technology company, Flutterwave, one of TIME’s 2021 100 Most Influential Companies, has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, in order to accelerate the launch of their...
The post Flutterwave partners with Currencyclou…
September 14, 2021
Light a fire under your business with Currencycloud Ignite
Another day, another exciting product launch from Currencycloud! Currencycloud Ignite is the latest solution to help you build a bold multi-currency business. Designed for pre-seed and early seed Fintech start-ups, Currencycloud Ignite will give participants...
The post Light a fire under your busin…
September 13, 2021
How Fintechs are levelling the playing field for corporate remittance
The world’s getting smaller and more interconnected. We’re way past the point where we can reasonably expect businesses to remain competitive while only operating within their home markets, and digital tools have evolved to support...
The post How Fintechs are levelling the playing field for corpora…
September 10, 2021
How to create a neo-broker: regulation, execution and moving money
From micro-investing platforms that enable the everyman to dip their toes in the stock market to automated financial planning services, a new breed of financial innovation is bringing the wealth management universe to our fingertips:...
The post How to create a neo-broker: regulation, execution and …
September 03, 2021
Challenger Banks vs Traditional Banks: Bridging the Cultural Divide
In a recent event, Currencycloud hosted 20 C-Suite industry leaders from various banks and Fintechs to discuss what the future holds for the banking landscape. It quickly became clear that culture would be the defining factor on which financial service organisations would rise to meet modern custome…
September 02, 2021
Intergiro expands its finance solutions with Currencycloud to allow customers to operate without borders
Intergiro, the Sweden-based Banking-as-a-Solution (BaaS) provider, has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to integrate Currencycloud Spark into its portfolio of API solutions. The integration will enable Intergiro to provide...
The post Intergir…
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 366 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 £55.6 k.
Who are Currencycloud competitors?
Competitors of Currencycloud include Monext, Nium and Mynt.
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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