30 October 2014

Currency Cloud hits $5bn mark

10 June 2014  |  1544 views  |  0 Source: Currency Cloud

Currency Cloud, the Payments Engine behind countless financial firms, has now moved $5 billion of international payments in just over 24 months.

Founded in 2012, Currency Cloud enables businesses to offer their customers quick, transparent and secure international payments.

Currency Cloud's impressive growth trajectory has seen the total number of transactions passing through its network grow ten-fold year on year. An array of FinTech start ups, money transfer firms and established payments businesses have signed up with Currency Cloud to build their international payments infrastructure, contributing to this exponential growth in transaction volume. Currency Cloud is now attracting more businesses that send high volumes of low value payments. Recent new customers include MANGOPAY, WorldRemit and FairFX.

Ambitious financial firms work with Currency Cloud to scale their businesses and offer exceptional service to their customers. Customers access Currency Cloud's Payments Engine directly through its simple yet feature-rich web interface, or through TCC Connect - Currency Cloud's API built by developers for developers. TCC Connect allows firms to automate the end-to-end international payment processes and deliver sophisticated solutions, tailor-made for their customers.

Mike Laven, CEO of Currency Cloud, comments: "Reaching $5bn is a milestone for the firm. We have seen the FinTech movement pick up speed and are privileged that in our own small way we are contributing to it. It's great that in just over two years we've changed from being a few people with an idea, into a thriving technology firm that serves some of the most dynamic businesses around.

But there is always more to do. We believe in a world where moving money is easy and will continue to expand our customer base to bring our benefits to more consumers and small businesses around the world" 

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