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Visa is buying Currencycloud

It's the second major fintech deal for Visa this year.

Visa's Foster City offices

Visa's Foster City offices.

Photo: David Paul Morris/Bloomberg via Getty Images

Visa has agreed to buy cross-border payments company Currencycloud in a deal valuing the company at $962 million. Visa previously led a funding round in the company in 2020.

Currencycloud's software for banks and other financial companies helps them provide cross-border payments. The London startup has raised about $188 million from investors including Sapphire, GV, Accomplice, Goldman Sachs and Anthemis Group, per PitchBook.

Visa recently bought Tink, a Swedish open-banking tech company, for $2.2 billion.

Tomio Geron

Tomio Geron ( @tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. He was also as a staff writer at Forbes covering social media and venture capital, and edited the Midas List of top tech investors. He can be reached at tgeron@protocol.com or tgeron@protonmail.com.

paymentscross-border paymentsfintechvisaacquisitionsdeals
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