Cross-border payments platform Currencycloud has raised $80 million in funding from SBI Group, Visa and other investors.
On Jan. 27 according to a press release, London-based Currencycloud secured $80 million from:-
- SBI Group
- International Finance Corporation
- BNP Paribas
- Siam Commercial Bank
The startup provides embedded B2B cross-border payments and is going to allocate the raised funds for its further growth, expansion of its portfolio of emerging payment methods and development of its partner ecosystem. Currencycloud also intends to integrate with major software platforms and begin support of alternate payment methods such as mobile wallets, instant payments, and cards.
SBI Group — one of the major investors in Currencycloud has actively pursued partnerships and initiatives across the blockchain and cryptocurrency industry.