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 Ratings4.1

Latest Updates

Employees (est.) (Oct 2020)232(+3%)
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
Stephen Lemon

Stephen Lemon

Co-Founder, VP Corporate Development
Fiona Tee

Fiona Tee

Chief Finance Officer
Tanya Ziv

Tanya Ziv

Chief Compliance Officer
Stuart Bailey

Stuart Bailey

Chief Product 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, 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

9 months 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

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 Online and Social Media Presence

Embed Graph

Currencycloud News and Updates

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

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

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

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

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

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.
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Currencycloud Blogs

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…

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…

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…

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…

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…

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…
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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 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.