Visa has announced it has completed the acquisition of Currencycloud in a deal that values the FX and cross-border payments company at $963 million (£700M).
The payments giant first announced its intention to acquire Currencycloud in July 2021.

Currencycloud provides technology to banks and fintechs that enables smoother and quicker cross-border transactions in multiple currencies and claims to process more than $5bn in cross-border transactions per month.
The deal comes after Visa participated in an $80m Series E funding round for Currencycloud in January 2020 which also attracted investment from BNP Paribas.


Since its launch in 2012, the London-based business to business (B2B) payments company has signed a number of high-profile clients including Visa,Monzo, Revolut and Bottomline.
The company now employs 500 people and this year opened an office in Singapore to expand its reach in Asia Pacific in addition to expanding teams in Spain, France and Germany.

Currencycloud said that “nothing would dramatically change in the short-term” and that the company would we remain operating as Currencycloud, headquartered out of offices in central London.

Mike Laven, CEO of Currencycloud, said of the acquisition: “As we continue to execute on the strategy that got us this far, with the additional strength of Visa’s global network behind us, we expect to be able to move further, faster – expanding our offering, extending our global footprint and identifying and supporting new audiences.”

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