Visa acquires Currencycloud
A year and a half after Currencycloud raised $80 million in a round that included Visa, the London-based developer of APIs that powered remittance and currency exchange services is getting even closer to the financial services giant. Today, Visa announced that it would acquire CurrencyCloud in a deal valued at $963 million (£700 million).
CurrencyCloud has some 500 customers in 180 countries that use its APIs to power multi-currency wallets, currency exchange services, and account management, including some of the biggest startups around such as Monzo, Moneze, Starling, Revolut and Dwolla.
