World’s leader in digital payments, Visa, has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions, and Fintechs around the world, including Starling Bank, Revolut, Penta, and Lunar. Based in London with offices in New York, Amsterdam, Cardiff & Singapore, Currencycloud works with partners including Visa, Dwolla, GPS, and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, the US, and the EU.
In July, Visa signed a deal worth 700 million British pounds (about $925 million) to acquire Currencycloud to advance money movement around the world.
The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility, and control for consumers and businesses when making international payments or doing business in multiple currencies. The acquisition builds on an existing strategic partnership between Currencycloud and Visa.
Currencycloud’s cloud-based platform already supports over 500 banking and technology clients with reach in over 180 countries and will continue to serve and support its customers and partners across the industry
