Launched to market in 2012, Currency Cloud provides xBPaaS (cross-border Payments as a Service) to regulated businesses such as banks, currency brokers and remittance firms as well as direct to corporates as an embedded service within partner applications such as ERP, accounting, E-invoicing, PSPs, etc – offering a low cost, automated and simple to use platform specifically for international payments. Currency Cloud has over 125 platform clients and 100,000+ connected customers. It processes 350,000 payments a year translating into over $10b processed.
The funding will be used to expand the London-based, European-heavy business internationally, and specifically into the U.S.
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