Visa acquired Currencycloud for $963m. To date, Currencycloud had raised c. $188m and was a leading provider of API-enabled cross currency payments.
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Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963m deal
“At Currencycloud, we’ve always strived to deliver a better tomorrow for all, from the smallest start-up to the global multi-nationals. Re-imagining how money flows around the global economy just got more exciting as we join Visa...the combination of Currencycloud’s fintech expertise and Visa’s network will enable us to deliver greater customer value to the businesses moving money across borders," said Mike Laven, CEO.
