4. Currency Cloud
The international currency transfer platform which has processed over $10bn payments and rising…
Founder: Nigel Verdon
Founded: January 2012
Listed in the top 10 of the Startups 100 2014, Currency Cloud has continued to accelerate at a rapid pace over the last 12 months. Earlier this year, the London fintech start-up revealed it had achieved a milestone $10bn payments processed and witnessed average growth of 17% month-on-month – not bad going for a company launched just three years ago.
Using cloud-based technology, Currency Cloud looks to provide an “easier, more transparent” solution for international currency transfers by offering clients an all-in-one payments engine which automates and manages overseas payments.
This proposition has attracted both businesses and investors alike and the platform is now used by over 100 fintech players including WorldRemit and Azimo and has secured over $18m in funding to date. The business’ revenue figures are equally as impressive with turnover set to double this year.
Having just launched in the US with a New York office, the payments business is now looking to drive further growth and intends to help “sophisticate” America’s fintech economy. The company’s team of 85 staff are also working on the development of a new API to improve the platform’s functionality and scalability.
A UK start-up success taking on the US – we predict big things for Currency Cloud.