Crypto Firm CurrencyCloud Gets Investment Worth Of $80 Million From Visa and SBI Group

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • CurrencyCloud is a UK based company with headquarters in London. CurrencyCloud was introduced in the year 2007 by Mike Laven.
  • CurrencyCloud focuses on cross-border payments and transactions for businesses and individuals.
  • Visa Incorporation and CurrencyCloud have partnered the previous year for travel payments internationally, CEO of CurrencyCloud.

CurrencyCloud has received a series of investments of $80 Million from Visa Inc, BNP Paribas SA, SBI Group, Siam Commercial Bank, and International Finance Corporation, as reported by CurrencyCloud on Sunday.

The previous investor is also said to have invested in this venture of global expansion, some of them being Sapphire Ventures, Notion Capital, and Google Ventures.

CurrencyCloud is a UK based company with headquarters in London. CurrencyCloud was introduced in the year 2007 by Mike Laven. Mr. Laven said the investment would mainly focus on Global Expansion and recognition, the actual plans for conducting this procedure are unknown.

Still, the use of this investment solely is on the expansion overseas. The main area of concern for this project in North America, where they want to expand their enterprise at many resonating levels. Laven also reported that a second office is soon to be opened in Singapore later this year.

CurrencyCloud focuses on cross-border payments and transactions for businesses and individuals; it also has ties with top Banks of Europe, such as Starling and Revolut, which aid them in international growth. CurrencyCloud has processed more than $80 Billion in transactions for these top tier banks.

Visa Incorporation and CurrencyCloud have partnered the previous year for travel payments internationally, CEO of CurrencyCloud. Mike Laven also shared that further companies are looking forward to collaborating with CurrencyCloud to engage in economic growth both globally and also in home headquarters.

The lists of strategic Investors are growing every year who see a rise in potential with CurrencyCloud. The previous year alone has seen more than $140 Million in total investments.

This year is said to increase and break the earlier figures of investment. The treasurer of Visa Incorporation Collen Ostrowski is said to join the board of CurrencyCloud for further enhancements and growth of CurrencyCloud Internationally.

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