February 14, 2018

Currencycloud appoints General Manager of North America to drive U.S. growth

Richard Arundel tapped to support continued growth of its cloud-based payments platform in North America

NEW YORK, NY, February 14, 2018  – Currencycloud, the leading international payments platform, announced today that Richard Arundel has been appointed as General Manager of Currencycloud North America. In his new role, Arundel will leverage his extensive background to advance and execute Currencycloud’s U.S. strategy.

A founding member of Currencycloud, Arundel spent the last two years as VP of Client Services in Currencycloud’s London office, successfully redesigning the global post-sales organization. During that time he oversaw significant growth and improvements in customer satisfaction and also played a key role in Currencycloud’s 2017 Series D round, raising $25 million with backing from investors including GV (Google Ventures), Sapphire Ventures and Rakuten.

This news comes on the heels of two record years for Currencycloud’s U.S. business, which is seeing growth rates of over 200%. A number of innovative U.S. businesses benefit from Currencycloud’s technology including HackerOne, Airhelp, Brookline Bank, GoLance and MoneyWay. Currencycloud now handles $15 billion of payments a year to more than 180 countries through its leading API technology.

“The U.S. is the largest market for international payments and is currently undergoing a period of rapid, technology-driven change. We’re excited about the opportunity to streamline and improve the customer experience in this market,” said Arundel. “Recent customer wins, coupled with advancements to our technology puts us on the right path to advancing our vision of creating an ecosystem where money moves fast and efficiently to and from the U.S.”

About Currencycloud

Currencycloud‘s payment technology is the power inside countless businesses, driving the transformation of the global payments landscape. The company is reimagining the way money flows through the global digital economy, allowing payment firms to remove the friction and inefficiencies of traditional cross-border payments using its flexible APIs. Launched in 2012, Currencycloud is based in London and is regulated in Europe, the U.S. and Canada. For more information about the company, please visit www.currencycloud.com.

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