Currencycloud

What Currencycloud does

Currencycloud is a London-headquartered B2B cross-border payments infrastructure provider founded in 2012, operating as a subsidiary of Visa Inc. since its 2021 acquisition. The company delivers a cloud-based, API-first platform that enables banks, fintechs, and FX brokers to collect funds in 36+ currencies through virtual named accounts, convert currencies at wholesale FX rates across hundreds of pairs (with rate guarantees up to 12 months), and execute payments to 180+ countries via SWIFT and local payment rails. Core product modules — Collect, Convert, Pay, and Manage — are exposed through three go-to-market models: full API integration for developers, a pre-built Direct Platform for rapid deployment, and a White Label Platform for branded client experiences, supplemented by Spark (a universal multi-currency wallet with named end-customer accounts).

The underlying technology runs on AWS infrastructure and carries an extensive compliance posture: ISO/IEC 27001:2013, PCI-DSS Level 1, SOC 1, SOC 2 Type 1, SOC 3, ISO 27018, GDPR, with FedRAMP Moderate and HIPAA-ready hosting. Currencycloud is regulated as an FCA-authorized e-money institution (registration 900199) in the UK, and holds FinCEN registration, money transmitter licenses in 39 US states, and additional licensure in the Netherlands, Canada, Australia, and Singapore. Since inception, the platform has processed over $100 billion in transactions and serves 500+ enterprise clients including Revolut, Standard Bank (Shyft app), MANGOPAY, and Fidor Bank.

Currencycloud generates revenue primarily through transaction-based fees on payment processing and FX conversion (spread between wholesale rates and client-facing rates). Pricing is quote-based and negotiated per client based on volume and corridor mix, with multi-year enterprise contracts; no public pricing tiers are disclosed. The company sells exclusively through B2B channels: direct enterprise sales for bank and FX broker clients, developer self-service via the developer portal, and white-label/embedded partnerships with fintechs and platforms. As a Visa subsidiary, Currencycloud now also benefits from distribution through Visa's global sales network.

Name

Currencycloud

Legal name

Currency Cloud Ltd.

Website

https://currencycloud.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Currencycloud is a London-based B2B cross-border payments infrastructure provider, now a Visa subsidiary, offering an API-first platform that enables banks, fintechs, and FX brokers to collect, convert, and pay across 36+ currencies and 180+ countries.

Ownership category

akta.pro rank

Product category

Cross-border payment infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• Cross-border payments
• FX conversion API
• Multi-currency accounts
• Payment infrastructure
• FX broker solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform/API Transaction Fees: Currencycloud charges transaction fees for payment processing, currency conversion, and cross-border transfers through their API and platform services. The B2B model serves enterprise clients who integrate the platform to offer services to their end customers.
2. FX Spread Revenue: Revenue generated from the spread between wholesale FX rates and rates offered to clients on currency conversions

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Currencycloud provides a cloud-based B2B cross-border payment platform that enables businesses to collect, convert, pay, and manage funds across 180+ countries and 36+ currencies through RESTful APIs, a pre-built Direct platform, and white-label deployments. The platform supports multi-currency virtual accounts, real-time wholesale FX conversion with rate guarantees up to 12 months, SWIFT and local payment rails, and is delivered to banks, fintechs, and FX brokers under enterprise contracts.

Product overview

Currencycloud provides a unified B2B cross-border payment platform with a modular architecture. The core platform consists of four primary functionality modules: Collect (multi-currency fund collection via virtual named accounts), Convert (real-time FX conversion with rate guarantee options), Pay (international payments via SWIFT and local rails to 180+ countries), and Manage (comprehensive account and transaction management). The ecosystem includes Spark (universal multi-currency wallet solution), API Integration (developer toolkit for custom experiences), Currencycloud Direct (pre-built platform for rapid deployment), and White Label Platform (branded deployment option). The platform operates across 180+ countries, supporting 35+ payout currencies and hundreds of currency pairs, processing over $100 billion in transactions globally.

Differentiator

Problem solved

Functional benefit

Brands

• Currencycloud Spark: Universal solution offering multi-currency wallets with named customer accounts for end customers.
• Currencycloud Direct
• Currencycloud White Label

Products and services

• Collect
• Convert
• Pay
• Manage
• SWIFT Payments
• Currencycloud Spark
• API Integration
• Currencycloud Direct
• White Label Platform

Quantifiable outcome

• $100B+ transactions processed globally since 2012
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature11 records

Partnerships

Three partnerships are on record, tiered minor and core.

• PayAngelminorChannel Partner/ Reseller/ Distributor · 1 June 2026PayAngel expanded its global payout capabilities through collaboration with Visa and Currencycloud, supporting faster cross-border payouts across multiple currencies including 22 African nations, India, and Bangladesh.
• RevolutcoreTechnology or IntegrationRevolut uses Currencycloud's infrastructure for international payment capabilities and multi-currency account management as a long-term customer partner since inception.
• AccentureminorImplementation/ SI/ Consulting PartnerPartner ecosystem listing showing consulting and implementation partnership for enterprise deployments.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thunes: Thunes is a B2B cross-border payments network enabling businesses to send payments to 130+ countries via local rails. It directly competes with Currencycloud's Pay product for global payout and remittance use cases, particularly in emerging markets.
• Banking Circle: Banking Circle offers B2B payment infrastructure including multi-currency accounts and cross-border transfers for banks, fintechs, and corporates. It competes directly with Currencycloud on bank-grade cross-border infrastructure.
• Verto: Verto is a B2B cross-border payments platform serving businesses with multi-currency accounts and FX services, particularly for emerging market corridors. It directly competes with Currencycloud for SMB and enterprise FX/payment needs.
• Wise: Wise is a leading cross-border payments platform offering multi-currency accounts and FX services to consumers and B2B customers. Both companies compete in multi-currency wallet infrastructure and FX conversion, though Wise is more consumer/SMB-facing while Currencycloud is purely B2B API.
• OpenPayd: OpenPayd provides embedded finance infrastructure including multi-currency accounts, FX, and payment rails via API. Like Currencycloud, it targets fintechs and banks needing white-label cross-border payment infrastructure in Europe and beyond.

Emerging players

• Ripple: Ripple provides cross-border payment solutions for financial institutions, using both blockchain-based (XRP) and traditional rails. It overlaps with Currencycloud's bank and fintech client base for international transfer use cases.
• TerraPay: TerraPay is a cross-border payments network enabling account-to-account transfers to 100+ countries, particularly emerging markets. It competes with Currencycloud's payout capabilities for remittance and marketplace use cases.

Broad incumbents

• Adyen: Adyen is a global payments platform offering cross-border acquiring, FX, and settlement capabilities to enterprise merchants. While broader in scope (cards, POS, online checkout), Adyen competes with Currencycloud on multi-currency processing and FX for large enterprise clients.
• WorldFirst (Ant Group): WorldFirst, owned by Ant Group, provides cross-border payment, FX, and multi-currency account services to SMBs and platform customers. It competes with Currencycloud for cross-border B2B payment volumes, especially in Asia corridors.
• Corpay (formerly Western Union Business Solutions): Corpay operates a cross-border business payments platform serving SMBs and enterprises with FX and international payments. It overlaps with Currencycloud's FX broker and enterprise segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/currencycloud
• Xx.com/Currencycloud
• Facebookfacebook.com/currencycloud
• LinkedInlinkedin.com/company/the-currency-cloud

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds10 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Currencycloud