Currencycloud raises $80 million in Series E funding backed by Visa, BNP Paribas

London based B2B cross border payments company Currencycloud has raised $80 million in series E funding. The funding was backed by Visa, International Payments Corporation (a member of World Bank Group), BNP Paribas and Siam Commercial Bank.

The company will use its raised capital to strengthen itself in the cross-border payments market and expand its portfolio in emerging markets.

“Currencycloud is re-shaping the way that the platforms of the future are moving money around the world, and there is huge potential for the company to drive further innovation in the cross-border payments industry,” said Senior Vice President and Treasurer at Visa Colleen Ostrowski.

Existing holders of the company such as Sapphire Ventures, Notion Capital, GV, Accomplice, and Anthemis also participated in the funding round bringing the company’s cumulative funding to $140 million.

“Transfer of value is fast becoming the newest layer in the modern technology stack, and Currencycloud is positioned to provide the infrastructure to make this happen. With these new strategic investors, we are well placed to be the go-to provider for the next wave of Fintech innovation” said CEO of Currencycloud Mike Laven.