Currencycloud

Currencycloud is a London company that sells cross-border payments infrastructure to banks and fintechs rather than to merchants directly. Visa agreed to buy it in July 2021 in a deal valued at £700 million ($963 million), and Companies House shows Visa Open Connect Limited taking control of The Currency Cloud Group Limited on 20 December 2021. The business still trades under the Currencycloud name, and its UK companies are registered at Sheldon Square in Paddington.

Clients use it through an API in four parts. Collect handles incoming funds and the accounts they land in, Convert covers foreign exchange rates and conversions, Pay sends money to beneficiaries, and Manage looks after accounts, balances, contacts and reporting. Integration guides also cover Confirmation of Payee for outgoing UK payments and the EU's Verification of Payee, which points to domestic sterling and euro payouts alongside international ones. At the time of the Visa deal it had about 500 customers in 180 countries, with Monzo, Starling, Revolut and Dwolla among them.

Other payment companies build on it. Modulr, for example, names The Currency Cloud Limited as the provider of its FX and international payments. That pattern is typical: Currencycloud suits banks, digital banks, payroll and expense software and payment firms that want to offer multi-currency wallets or international transfers under their own brand.

A merchant that wants to take card payments needs an acquirer instead. Currencycloud's public pages give no current list of currencies, corridors or prices, so confirm the routes you need, and which Currencycloud entity you would contract with, during onboarding.