Currencycloud Raises $80M Series E Led by Visa and BNP Paribas

Currencycloud, which provides API-based cross-border payment and FX infrastructure enabling banks and fintechs to embed multi-currency capabilities, closed an $80M Series E round on January 27, 2020. The round was backed by a diverse set of strategic investors including Visa, the International Finance Corporation (IFC), BNP Paribas, Japan's SBI Group, and Thailand's Siam Commercial Bank, alongside existing investors such as Notion Capital. Currencycloud's platform is a core piece of embedded finance infrastructure, powering cross-border payments for companies like Starling Bank, Revolut, and numerous other fintechs.

The investment from multiple global banks underscores the platform's role as a BaaS-adjacent infrastructure layer enabling financial institutions and non-banks to offer FX and international payment services. Financial terms beyond the $80M total were not publicly disclosed. The funding was expected to accelerate product development and geographic expansion.