Currencycloud
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.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
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.
Currencycloud firmographics
Firmographics- 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
Currencycloud industry classification
Industry- 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
Where Currencycloud is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices6 records
Markets served
Currencycloud business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- FX Spread Revenue: Revenue generated from the spread between wholesale FX rates and rates offered to clients on currency conversions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Custom enterprise pricing based on transaction volume and service requirements |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Currencycloud product offering
Product offeringCore 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
Companies that use Currencycloud
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Currencycloud technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature11 records
Currencycloud partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- PayAngelminorPayAngel 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.
- RevolutcoreRevolut uses Currencycloud's infrastructure for international payment capabilities and multi-currency account management as a long-term customer partner since inception.
- AccentureminorPartner ecosystem listing showing consulting and implementation partnership for enterprise deployments.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Currencycloud competitors and assessment
Company assessmentDirect 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
Currencycloud social profiles
Digital presenceCurrencycloud compliance and trust
Trust signalCompliance10 records
Currencycloud financial estimates
Financial estimateRevenue estimate
Valuation estimate
Currencycloud leadership team
Management profileNumber of profiles
Profiles10 records
Currencycloud funding detail
Funding detailFunding overview
Funding rounds10 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Currencycloud M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Currencycloud
What does Currencycloud do?
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.
Is Currencycloud a public or private company?
Currencycloud is a private company. It is classified as corporate owned and is currently operating.
When was Currencycloud founded?
Currencycloud was founded in 2012. It employs 501 to 1,000 people.
Where is Currencycloud based?
Currencycloud is headquartered in London, United Kingdom, in the Europe region.
How does Currencycloud make money?
Two revenue lines are on record. Platform/API Transaction Fees are the primary driver. The others are FX Spread Revenue.
Who are Currencycloud's main competitors?
Direct peers on record are Thunes, Banking Circle, Verto, Wise and OpenPayd. Emerging players are Ripple and TerraPay. Broad incumbents are Adyen, WorldFirst (Ant Group) and Corpay (formerly Western Union Business Solutions).
Does Currencycloud have an API?
Yes. Currencycloud provides a RESTful API enabling developers to build applications for international payments and FX operations. The API supports authentication, balance checking, fund transfers, FX rate checking, currency conversion, payment processing, beneficiary management, and reporting. Key capabilities include multi-currency account management, SWIFT payments integration, sub-account activity, FX spread configuration, Confirmation of Payee verification (UK), and SCA for API payments. Developer documentation is at developer.currencycloud.com.
What industry is Currencycloud in?
Currencycloud's product category is Cross-border payment infrastructure. Its primary akta.pro industry code is BPAMAFAK, Cross-Border & FX Payments Platforms, with a secondary code of FSAGABAK, Cross-Border FX, Multi-Currency & Treasury for Payments. Its NAICS code is 52232 and its SIC code is 6200.