The Currency Cloud, a London, UK-based international payments engine, raised $10m in Series B funding.
Backers included existing investors Atlas Venture, Anthemis Group, Notion Capital and XAnge Private Equity with Silicon Valley Bank providing a further line of capital.
The company intends to use the funds to further refine the platform and expand into new geographies.
Led by Mike Laven, CEO, The Currency Cloud provides a software-as-a-service platform for payments service providers, banks, and remittance and foreign exchange specialists to provide international payments services to their customers connecting via an API and accessing to a global network.
Customers include payments firms (Payoneer, Kantox, Azimo, TransferWise) banks (Fidor Bank, MedBank), and e-commerce solutions (Sofort, Zippcard).