providing payment infrastructure Established in 2012, CurrencyCloud has processed more than $200bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, CurrencyCloud works with partners including Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. CurrencyCloud is regulated in Australia, Canada, the Netherlands, the United Kingdom and the United States. The Currency Cloud Limited is an electronic money institution authorized and regulated by the Financial Conduct Authority of the United Kingdom. In 2023 The Currency Cloud Limited had total assets of 762.57 mln GBP, and generated net income of 914,000.00 GBP. During 2023 the company had 97 employees in average.
Worldwide13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, The Currency Cloud Limited is assigned the overall rating 4.40 (excellent) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Broad | (3.81) |
| Market Niche | Broad | (4.18) |
| Company Background | Very Strong | (4.57) |
| Customer Support | Good | (3.43) |
| Customer Sentiment | Poor | (1.94) |
| Transparency | Average | (3.39) |
| Overall Rating | Excellent | (4.40) |
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TheBanks.eu has also identified the following pros and cons of the company:
Reseller Agreement. A private reseller agreement is signed between The Currency Cloud and the company.
Agent License. A private reseller agreement is signed between The Currency Cloud and the company. The Currency Cloud assists the company in obtaining EMD Agent License from the Financial Conduct Authority.
Separate License. The Currency Cloud assists the company in obtaining Banking/EMI license from the Financial Conduct Authority.
The Currency Cloud is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
The Currency Cloud Limited is not registered with the FCA as a crypro asset firm.
The Currency Cloud do not offer crypto assets services.
| thn GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 339,816.00 | 762,567.00 | +124.41% |
| Revenue | 66,126.00 | 85,515.00 | +29.32% |
| Gross Profit | 35,460.00 | 66,790.00 | +88.35% |
| Net Income | 8,323.00 | 914.00 | -89.02% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 19 (-1) |  Modulr FS Limited | 1.07 % | 347.15 mln GBP (+38.54%) |
| 20 (+4) | The Currency Cloud Limited | 1.05 % | 339.82 mln GBP (+54.57%) |
| 21 (-4) |  IFX (UK) Ltd | 0.90 % | 291.73 mln GBP (+15.72%) |
United KingdomThe Currency Cloud Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900199) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 7 June 2018.
The Currency Cloud Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, The Currency Cloud is required to safeguard its customers’ money.
Since January 2021, The Currency Cloud Limited can not conduct its activities in EEA member states. The Currency Cloud Limited keeps providing its services to EEA-based customers via Currencycloud B.V. (Netherlands).
The Currency Cloud Limited is a SWIFT member and a SEPA (SCT) scheme participant.
The Steward Building 12 Steward Street, E1 6FQ, London, United Kingdom
+44 02033268168EnglishThe Currency Cloud has profiles on the following social networks:
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