{"id":44139,"date":"2014-10-20T09:43:36","date_gmt":"2014-10-20T08:43:36","guid":{"rendered":"http:\/\/startups.co.uk\/startups-awards\/?p=44139"},"modified":"2021-05-18T16:35:19","modified_gmt":"2021-05-18T15:35:19","slug":"peoples-champion-finalist-currency-cloud","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/startups-awards\/peoples-champion-finalist-currency-cloud\/","title":{"rendered":"People\u2019s Champion Finalist: Currency Cloud"},"content":{"rendered":"
<\/div>\n

Start-up name:<\/b> Currency Cloud
\nFounder:<\/b> Nigel Verdon, 47 (pictured above left)
\nStarted in:<\/b> 2012
\nBased in:<\/b> London
\nBusiness description:<\/b> International payments FinTech start-up<\/p>\n

\"Currency<\/a>The Currency Cloud story:<\/h4>\n

With $26bn flowing across international borders each year to support vital economic activities, the payments market is colossal – particularly as the majority of cross-border payments are currently inefficient and error-prone due to the use of manual processes. Spotting a huge business opportunity and with a desire to “bring change to the marketplace and to help businesses offer a next generation service to their customers”, international payment platform Currency Cloud was born.<\/p>\n

Using cloud-based technology, Currency Cloud’s payment engine fully automates the payment lifecycle (from receipt of funds through to conversion and payment); enabling customers to receive, convert and send international payments in 40 currencies covering 212 countries with the simple click of a mouse.<\/p>\n

Offering complete transparency to customers, founder Nigel Verdon told Startups.co.uk the company was recently called “the Heroes of FinTech” and it certainly does seem to have struck a chord with users and investors alike.<\/p>\n

Since 2012, Currency Cloud has processed over $7bn in payments, with monthly payment processing currently at $650m and the company is growing at a twelvefold rate year-on-year. Over 125 platform customers have signed with the business, serving over 100,000 end-customers.<\/p>\n

Currency Cloud – led by CEO Michael Laven (pictured above right) – has also raised a whopping $19m; most recently securing a $10m Series B round of funding from Atlas Ventures, Anthemis Group, Notion Capital, Silicon Valley Bank and XAnge Private Equity.<\/p>\n

With a number of industry accolades to add to its achievements to-date and international expansion already underway, the business recently opened an office in New York – this start-up is surely on a fast-track path to success.<\/p>\n

Why Currency Cloud made our 50:<\/h4>\n

Whilst there are a plethora of international payment companies emerging, Currency Cloud is standing out from the crowd for all the right reasons. With $19m investment backing, impressive revenues and $7bn worth of payments processed through the platform in just two years, the cloud-based platform is scaling fast.<\/p>\n

Where to find out more about Currency Cloud:<\/h4>\n

Website: https:\/\/www.currencycloud.com\/<\/a>
\nTwitter: https:\/\/twitter.com\/currency_cloud<\/a><\/p>\n

<\/a><\/p>\n

Video<\/h4>\n

<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"

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