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 Ratings4.6

Latest Updates

Employees (est.) (Sept 2021)366(+8%)
Revenue (FY, 2018)£20.4 M(+50%)
Cybersecurity ratingAMore

Key People/Management at Currencycloud

Mike Laven

Mike Laven

CEO
Ed Addario

Ed Addario

Chief Technology Officer
Fiona Tee

Fiona Tee

Chief Financial Officer
Stephen Lemon

Stephen Lemon

Co-Founder, VP Corporate Development
Tanya Ziv

Tanya Ziv

Chief Compliance Officer
Richard Arundel

Richard Arundel

Chief Evangelist & Co-Founder
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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

2 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
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Currencycloud Revenue Breakdown

Embed Graph

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

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Currencycloud Online and Social Media Presence

Embed Graph

Currencycloud News and Updates

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.

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.

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.

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.

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…

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…
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Currencycloud Blogs

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…

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…

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…

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 …

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…

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…
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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 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.