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FT Partners advises Currencycloud on its $80,000,000 Series E Financing

Overview of Transaction

  • On January 27, 2020, Currencycloud announced it has raised $80 million in a Series E financing round with new investors including Visa, IFC, BNP Paribas, SBI Group, and Siam Commercial Bank
  • Existing investors Notion Capital, GV, Sapphire Ventures, Accomplice, Anthemis and others also participated in the round
  • Launched in 2012, Currencycloud is a comprehensive B2B cross-border infrastructure solution with 85 different APIs across four modules – collect, convert, manage and pay
  • Currencycloud is headquartered in London and regulated in Europe, the U.S. and Canada and has processed more than $50 billion to over 180 countries
  • With innovative APIs and a full-stack technology platform, Currencycloud removes the complexity from international transactions and allows businesses to focus on their core operations
  • Currencycloud serves more than 400 institutional clients including the largest traditional banks, digital challenger banks, FinTech and FX firms and has recently added Visa, Bottomline, and Dwolla as customers

Significance of Transaction

  • The new capital will enable Currencycloud to strengthen its position as the market leader in embedded cross-border payments, by expanding its portfolio of emerging payment methods and developing its partner ecosystem
  • The transaction demonstrates strong recognition for Currencycloud across the industry from payment leaders, traditional banks and technology investors

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Currencycloud
  • This transaction underscores FT Partners' strong domain expertise and unrivaled track record in the FX / Cross Border Payments space