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Currencycloud secures 20 million GBP investment from GV

First Published 10th March 2017

Currencycloud secures £20M ($25M) in funding from .@GVteam (formerly Google Ventures) and existing investors.

Mike Laven, Currencycloud

Mike Laven, Currencycloud

London & New York - Currencycloud, the cross border payments platform has announced £20 million (US $25M) in Series D funding with a new investment from GV (formerly Google Ventures) and additional funding from the existing investors - Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis. Total investment in the five-year-old company now stands at £44 million ($61 million).

Mike Laven, CEO of Currencycloud said: "In recent years we have seen the rise of the building block economy. Companies can combine services such as AWS, Google Maps, Stripe and Twilio to build innovative new businesses fast and without the overhead of expensive proprietary systems. Currencycloud provides a set of multi-currency payment and conversion tools that are helping hundreds of companies globalize fast."

Existing investors have also substantially increased their investments.