MH Tech group Corporate partner Andrew Wigfall and associate David Strong acted for high-growth technology investor Sapphire Ventures in connection with an $18m Series C investment round led by Sapphire into Currency Cloud, the API-based money transfer platform.
Sapphire Ventures, the now independent venture arm of SAP, has $1.4 billion under active management via direct growth investments and an early-stage fund investment strategy, and is committed to backing high-growth companies with the potential to disrupt markets globally.
Currency Cloud is driving the transformation of the payments landscape to make international business and new markets accessible to everyone. With its developer friendly Payment Engine, businesses can build and automate their products, benefiting from real time wholesale rates and a fast, secure payment network. Everything is delivered by its next generation API.
Following incredible success in Europe, Currency Cloud has recently expanded its footprint to the United States, with the opening of an office in New York. The investment will drive the sustained growth of the business, and support further international expansion as well as continued investment in research, development and product upgrades to meet growing and changing client demands.