The Currency Cloud, a London, UK-based developer of an FX payments automation platform, has raised $4m in Series A funding.
The round was led by Atlas Venture, with participation from existing investor Anthemis Group.
The company intends to use the capital to expand its product development and commercialization efforts.
Led by CEO Mike Laven, The Currency Cloud enables transaction-based web companies, money transfer businesses and a myriad of other corporate, financial and consumer services businesses to automate currency receiving, conversion and payment for 140 currencies in 200 countries worldwide. The platform connects directly into a host of services that give access to global currency markets and international payments networks.
The company currently serves more than 100 corporate customers and over 20 platform partners have signed on to use its API.