London based foreign exchange payments automation platform raised a $80m Series E round co-led by Visa and SAP’s venture arm Sapphire.
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Visa backs Currencycloud, the international payments API that powers apps like Monzo and Revolut
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“Their end-user customers, for the most part, will never see that we’re there,” Laven said. “We’re a piece of embedded finance in the tech stack. It’s not as sexy, but it’s an incredibly good business.” One of the company’s products, Spark, lets clients collect, store, convert and pay in 35 currencies.
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