$5bn in two years: London start-up Currency Cloud hits sky-high milestone

The London FinTech scene (the intersection of finance and technology) is thriving, and Currency Cloud is the latest local start-up to prove it.

The two-year-old company has just hit a major milestone: it’s now processed $5bn of international payments for businesses since its launch in early 2012.

The news comes just a day after we learnt that fellow London FinTech firm Transferwise has raised $25m from Sir Richard Branson, PayPal founder Peter Thiel and others.

Currency Cloud provides a payment engine to financial firms and payment businesses so they can make speedy and safe international payments.

It works with more than 100 platform customers, including recent additions WorldRemit, FairFX and MANGOPAY.

You can find out more about how it works here.

Mike Laven, CEO of Currency Cloud, said: “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 changes from being a few people with an idea, into a thriving technology firm that serves some of the most dynamic businesses around.”