Currencycloud, the experts in simplifying business in a multi-currency world<, has partnered with UK-based venture capital platform Vauban, to enable the platform to be more accessible and permit global investors to launch and run their special purpose vehicles (SPVs) both easily and instantly.
For the platform to reach its true potential, speed was a necessity. By integrating Currencycloud’s APIs into its platform, Vauban is now able to deliver SPVs and funds in hours rather than weeks or months. Now, an SPV will be able to set up bank accounts for each vehicle instantly and run payment processing related to capital calls. As a global company, with global investors and jurisdictions, Vauban benefits from Currencycloud’s competitive FX rates and wallet, which allows the platform to operate in multiple currencies in addition to reducing their FX risks.
Arik Oslerne, COO of Vauban says: “Currencycloud is a robust solution able to handle our banking needs and enable us to be truly global. As we continue to expand into new jurisdictions, enabling more people to get into venture capital and expand equity ownership, Currencycloud is right there with us to deliver on that promise and offer a seamless experience for our customers across the globe.”
Nick Cheetham, Chief Revenue Officer at Currencycloud, commented: “Vauban is on a mission to democratise private investment, a vision that only further amplifies our ethos of ‘backing your bold’. As a result, the partnership between Vauban and Currencycloud has levelled the playing field for investors. Now VCs of any size, anywhere, have the opportunity to invest via Vauban’s platform in startups whenever they want.”
Notes to editors
Vauban : Jim Burke, Director of Marketing firstname.lastname@example.org
Vauban website: vauban.io
Currencycloud website : Currencycloud.com
Vauban from Carta is the easiest way to launch & run your venture investing. We offer institutional grade SPV, co-investment and fund vehicles for GPs at all stages of the journey- from your first syndicate to operating a billion-dollar venture fund. Our end-to-end digital platform is supported by over 200+ fund specialists to automate your back-office so you can focus on what matters: finding the next unicorn & building investor relationships.
Backed by Carta, the leading fintech infrastructure company, we’ll be there to support you from fundraising through exit. Investors on our multi-jurisdiction platform have raised over $2.5bn in global investments for companies including Revolut, Bolt and SpaceX.
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, the EU and Australia, and were acquired by Visa in December 2021.