Further announcements of investment in the thriving UK fintech sector this week with news that payments service provider Currencycloud has raised $80m (£61m) in funding to support the next round of its growth in this Series E round.
The new investment from global heavyweights including Visa, International Finance Corporation (a member of the World Bank Group), BNP Paribas, SBI Group and Siam Commercial Bank.
Michael Cogley Tech Correspondent, Telegraph (who has a portfolio of articles on fintech) reported that the London-headquartered firm will use much of the additional funds to add an extra 100 staff this year, bringing total headcount to over 300 people.
Currencycloud is a global payments platform built on smart technology that takes the complexity out of moving money. Its tools for cross-border payments are used by some of the world’s biggest fintechs, including Monzo, Revolut, and Starling. It has also recently added Visa to its client list.
Sources:
Currencycloud - https://www.currencycloud.com/company/news/item/currencycloud-the-market-leader-in-embedded-cross-border-payments-secures-80-million/
Michael Cogley Tech Correspondent, Telegraph -
https://www.telegraph.co.uk/technology/2020/01/27/payments-firm-currencycloud-closes-61m-funding-round/?WT.mc_id=tmg_share_tw
Posted by Peter Oakes (www.peteroakes.com)
#FintechUK #UKFintech
See also www.UKFintech.com www.FintechIreland.com
The new investment from global heavyweights including Visa, International Finance Corporation (a member of the World Bank Group), BNP Paribas, SBI Group and Siam Commercial Bank.
Michael Cogley Tech Correspondent, Telegraph (who has a portfolio of articles on fintech) reported that the London-headquartered firm will use much of the additional funds to add an extra 100 staff this year, bringing total headcount to over 300 people.
Currencycloud is a global payments platform built on smart technology that takes the complexity out of moving money. Its tools for cross-border payments are used by some of the world’s biggest fintechs, including Monzo, Revolut, and Starling. It has also recently added Visa to its client list.
Sources:
Currencycloud - https://www.currencycloud.com/company/news/item/currencycloud-the-market-leader-in-embedded-cross-border-payments-secures-80-million/
Michael Cogley Tech Correspondent, Telegraph -
https://www.telegraph.co.uk/technology/2020/01/27/payments-firm-currencycloud-closes-61m-funding-round/?WT.mc_id=tmg_share_tw
Posted by Peter Oakes (www.peteroakes.com)
#FintechUK #UKFintech
See also www.UKFintech.com www.FintechIreland.com