Fintech Startup CurrencyCloud Raises $25m in Series D Funding Round

[kreslik.news]

UK-based FinTech company CurrencyCloud, a cross border payment-as-a-service provider, announced the raising of £20 million (US $25M) in Series D funding round. The company has raised from backers a total of £44 million ($61 million) in venture funding to date.

The firm has amassed an impressive investors roster which this time included Alphabet’s venture arm GV, formerly Google Ventures, in addition to the existing investors: Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis.

The new monies will be used to fuel the company’s global expansion as more and more invoicing platforms and apps flood the ever growing remittances market. Entrepreneurs have ... (read more)