Currency Cloud, a fast and secure payment network for businesses, has landed $18mm in Series C funding led by Sapphire Venture.
Currency Cloud’s former round of funding - $10m just over a year ago - helped it take its initial steps into the US market, said chief executive Mike Laven. Now, the new cash will help the firm expand there - where “the opportunity is huge” said Laven - as well as well as globally, and the firm will begin making further plans for setting up in Asia next year. By the end of the year the startup expects to grow its New York-based staff to 12 and increase headcount in London from around 70 to more than 100.