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London based payments engine Currency Cloud has raised $24.4m in Series D funding led by Google's GV. Currencycloud provides currency conversion and payment APIs.
The news comes one day after U.S.-based Veem (formerly Align Commerce) raised $24 million to expand its international remittance services. GV also participated in that funding round. It brings the total raised by Currencycloud to around $61 million, with other investors in this round including previous backers Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis. Currencycloud today works with about 200 customers in 35 countries, which CEO and co-founder Mike Laven said in an interview translates to “millions” of companies and individuals processing payments, with about $25 billion in payments processed to date through its platform. Its customers range from startups like Azimo and Revolut through to larger companies like Travelex and Standard Bank.
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