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Ripple’s investor helps global payments startup raise $80M

CurrencyCloud, a payments startup, has secured $80 million in its series E round from heavyweights including SBI Group, Visa, International Finance Corporation (member of the World Bank Group), BNP Paribas and Siam Commercial Bank.

Additionally, Visa’s senior vice president, Colleen Ostrwoski, will be joining CurrencyCloud’s board. She commented: “I’m delighted to be joining the board of such an exciting technology company, CurrencyCloud is re-shaping the way that the platforms of the future are moving money around the world, and there is huge potential for the company to drive further innovation in the cross-border payments industry”.

To this day, CurrencyCloud has raised $140 million and processed over $50 billion in global transactions in less than a decade. The company is the payment processing backbone for many famous fintech banks such as Revolut, Monese, Starling Bank and many others.

CurrencyCloud’s CEO, Mike Laven, stated: “Transfer of value is fast becoming the newest layer in the modern technology stack, and CurrencyCloud is positioned to provide the infrastructure to make this happen. With these new strategic investors, we are well placed to be the go-to provider for the next wave of Fintech innovation”.

Image Licensed via Pixabay

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