GV, formerly called Google Ventures, participated in a $25 million investment round in Currencycloud alongside existing investors Notion Capital Ltd, Sapphire Ventures LLC, Japanese technology company Rakuten Inc and venture capital firm Anthemis Group.
Currencycloud, launched in 2012, is a platform that allows companies ranging from banks to popular payments startups to offer international payments services without having to set up complex and costly cross-border infrastructure. The money will be used to support the company’s global expansion plans. To date, around $25 billion has been sent through the company’s infrastructure to over 200 countries.
Google looked at us as a tool that is used in globalizing domestic businesses. This is an investment in the right step, as this fintech company aids in the globalization of payment services in an increasingly globalized marketplace.
https://www.nytimes.com/reuters/2017/03/09/business/09reuters-google-currencycloud-investment.html?_r=0