Currencycloud

Multi-currency FX and payments API, Visa subsidiary.

Definition

Currencycloud operates under UK EMI (Electronic Money Institution) licence and EU e-money licence (Lithuania). REST API platform with 38+ supported currencies, virtual IBAN/account number in EUR, GBP, USD, AUD, NZD, HKD. Use case forex backbone for neobanks.

Origin

Founded 2007 by Nigel Verdon (FXcapital Group), London HQ, acquired by Visa in 2021 ($925M).

Usage

FX backbone for Monzo, Revolut (historical), Starling Bank, Mambu, Standard Bank Africa. Visa acquisition enables Visa Direct cross-border integration.

Related terms

• Visa Direct — plateforme parent post-acquisition.
• Cross-border payments — catégorie.
• EMI licence — régulation EU.