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Currencycloud

Also a provider — view Currencycloud’s profile →

“Can a Visa-owned API infrastructure layer become the default global cross-border payment and multi-currency account plumbing for fintechs and banks worldwide?”

Founded2012
HQLondon, England, United Kingdom
Total raised$160M+ (pre-acquisition)
Latest roundAcquired by Visa, 2021
Valuation$963M (2021 acquisition)
IndustryInfrastructure / FX
The story

Founded in 2012 as a developer-first API layer for B2B cross-border payments, Currencycloud grew into a platform serving 500+ fintechs and banks across 180 countries with multi-currency wallets, virtual accounts, and FX conversion. Its strategic value as embedded finance infrastructure attracted Visa, which first invested in the 2020 Series E and then acquired the company for $963M in 2021. Post-acquisition, Currencycloud has continued to operate as a distinct Visa subsidiary, expanding its platform (adding Spark, SWIFT payments, and onboarding engine) while leveraging Visa's global network to deepen cross-border payment capabilities for fintech and bank clients.

Last 12 months
2024-12
2025-12
Product timeline
2012
Founded in London as a B2B API platform for cross-border payments and currency exchange.· pivot
2019
Raised Series E first tranche (~£32M); Goldman Sachs and Visa among investors.· banking
2020
Closed $80M Series E extension led by Visa, with Visa taking a strategic equity stake.· banking
2021
Visa announced acquisition of Currencycloud for $963M (£700M), completing the deal later that year.· acquisition
2021
Partnered with Global Processing Services (GPS) to offer enterprise-grade cross-border payments solution.· banking
2023
Launched Currencycloud Spark and expanded platform to cover Collect, Convert, Pay, and Manage product pillars.· banking
Regulated entities
4
regulatory licences held by Currencycloud
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Currencycloud’s embedded-finance stack
Payments / PSP
Currencycloud (self-operated)
Money movement
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Accounting gap: none
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.