A topic dedicated to Mergers & Acquisitions (M&A) not including the SPACs mergers.
A fresh M&A:
Visa buying Currencycloud at $962M valuation
Visa announced that it will acquire London-based Currencycloud, a global platform for banks and fintechs to provide cross-border payments, in a deal that values the company at £700 million ($962 million).
Currencycloud’s cloud-based platform offers a set of APIs enabling banks and financial services providers to offer currency exchange services, including real-time notifications on foreign exchange transactions, multi-currency wallets, and virtual account management.
Founded in 2012, Currencycloud previously raised at least $160 million in known funding, per Crunchbase data. Visa was the lead investor in its last round, an $80 million Series E in January 2020.