Payments platform Currencycloud has raised £20 million in Series D funding from GV (the former Google Ventures) with participation from Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis.
The London-based company’s API facilitates cross border payments with customers including Klarna and Travelex. According to the company, $25 billion has been sent through its infrastructure. The new funds will be invested in further growth.
“We believe in empowering developers by making it easier for them to add scalable services to their products, ideally with simple APIs. Currencycloud is the leader in providing cross-border payment services in this manner, a real need as companies globalize,” said Tom Hulme, general partner at GV
Currencycloud provides a set of multi-currency payment and conversion tools that are helping hundreds of companies globalize fast,” added Currencycloud CEO Mike Laven. “We are seeing massive and increasing demand for these services, with volumes growing over 150% last year.”
The round brings the company’s total funding to date to £44 million.