$10B Currency Cloud Launches in the US

BUSINESS WIRE: Currency Cloud, which provides international payments to businesses via an API, has expanded to the US, opening offices in New York.

“Businesses find making international payments slow and costly. While we live in a digital age, it’s surprising that it costs more to send money from the US to Europe via a bank than it does to send a letter. It’s antiquated!” said Mike Laven, CEO, Currency Cloud. “Businesses desperately need functionality to enable them to compete around the world. Automation of payments and access to corporate grade payment methods is becoming more and more important in an increasingly digitized global economy.”

Currency Cloud’s innovative Payment Engine powers over 100 FinTech firms, enabling them to fully automate and manage all aspects of their international payments via cutting edge APIs. It currently works with companies including XE.com, WorldRemit and Payoneer.

The company has seen incredible success in Europe, where customers have already processed $10 billionof international payments. Currency Cloud’s rapid growth led it to make payments to 170 countries and serve over 150,000 end customers, last year alone.