Visa Completes Acquisition of Currencycloud

Fazzaco learned that Visa Inc has closed the acquisition of Currencycloud, the provider of fully cloud-based platform for B2B cross-border payment solutions.

The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in multiple currencies.

The acquisition builds on an existing strategic partnership between Currencycloud and Visa. Currencycloud's cloud-based platform already supports over 500 banking and technology clients with reach in over 180 countries and will continue to serve and support its customers and partners across the industry.

In late July, Visa announced that it has signed a definitive agreement to acquire Currencycloud​ at a valuation of £700 million. 

About Currencycloud

Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff & Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, and the EU.