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Currencycloud sees flows double since May

  • Customer base approaching 500 with growth in North America and Asia
  • Company investing profits back into the business to aid continued expansion

 

Currencycloud, the leader in providing B2B embedded cross-border solutions, today announces payment volumes have doubled across its platform since the start of lockdown, indicating a wider global rush to digital payments accelerated by the pandemic.

The Fintech has seen monthly transactions jump to over $3 billion today and has had a record year for signing new customers, growing its customer base by a third.

“We’ve experienced first-hand the shift to digital that’s sweeping financial services,” commented Mike Laven CEO of Currencycloud. “It’s not just consumers making more online purchases this year. Corporates and financial institutions recognise the urgent need to digitalise as back-offices go virtual and clients demand more transparent, cost and time-efficient ways to move money internationally. This lasting change will usher in the next wave of Fintech innovation, as payments become increasingly embedded and unbundled from the banking system.”

As a result of this, 2020 also saw Currencycloud grow its headcount globally by more than 30% to 300 staff. The company aims to hire another 70 employees in the first half of next year, while also investing more than $2 million to embrace flexible working on a permanent basis by supporting staff to work from home and refurbishing its offices to optimise for collaboration.

Read the full press release here. Find out more about Currencycloud here.

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