Currencycloud
- Revenue£20.4 MFY, 2018
- Total Funding$181.8 M
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 |
Key People/Management at Currencycloud
Mike Laven
Chief Executive Officer
Ed Addario
Chief Technology Officer
Fiona Tee
Chief Financial Officer
Stephen Lemon
Co-Founder, Vice President Corporate Development
Mark Ledsham
Chief Operating Officer
Tanya Ziv
Chief Compliance 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, 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 | 3 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: 48.4% from Platform Usage Fee, 30.0% from Commission Receivable, 21.2% from Transactional Fee and 0.4% from Other
Currencycloud Cybersecurity Score
Currencycloud Online and Social Media Presence
6.98k Twitter followers
Currencycloud has 6.98k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.4% quarter over quarter
Currencycloud's Trends
Twitter Engagement Stats for @Currencycloud
5.5k
Tweets
1.8k
Following
7k
Followers
27
Tweets last 30 days
1.3
Avg. likes per Tweet
66.7%
Tweets with engagement
Currencycloud News and Updates
August 10, 2022
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.
February 03, 2022
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.
December 21, 2021
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.
November 25, 2021
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.
November 17, 2021
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.
November 03, 2021
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.
Currencycloud Blogs
August 10, 2022
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…
June 28, 2022
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 …
June 16, 2022
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.
June 15, 2022
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 …
May 25, 2022
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…
May 03, 2022
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…
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.
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