Currencycloud, a London, UK-based cross border payments platform, raised £20m (US$25M) in Series D funding.
Backers included new investors GV (formerly Google Ventures) and existing investors Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis.
The company, which has raised £44m ($61m) in total funding to date, intends to use the capital for continued growth and ongoing global expansion.
Launched in 2012 and led by Mike Laven, CEO, Currencycloud provides the tools to build cross-border products and applications. The company counts over 200 customers in 35 countries and millions of end-users have access to its platform through their payment providers. Klarna, Travelex, Standard Bank, Revolut and Azimo, have all built products using Currencycloud’s APIs. Users of the platform include challenger banks, pre-paid cards, digital payment firms and PSPs.
The company is regulated in Europe, the USA and Canada.