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The Currency Cloud raises fund

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The Currency Cloud has raised $4 million in a series a funding round led by Atlas Venture.

Anthemis Group joined Atlas in the latest round having already participated in an earlier $2 million funding effort, the proceeds of which will be used to ramp commercial activity and continue product development.

 

Mike Laven, CEO, The Currency Cloud said, "Businesses everywhere need to deal in multi-currencies in every working day. The need is ubiquitous. Yet the methods being used are antiquated and expensive to all but the largest corporates and the banks. The Currency Cloud technology will transform the way businesses and their customers manage their foreign currency needs."