XAnge Private Equity, an investment subsidiary of France-based postal delivery company La Poste, has invested in UK-based international payment service The Currency Cloud for the second time.
The UK-based financial-tech startup raised $10m in Series B funding from XAnge, alongside previous investors Notion Capital, Silicon Valley Bank, Atlas Venture and new investor Anthem Venture Partners.
The round brings the startup’s funding total to $17m since 2012, with previous investors including Anthemis. It will use the investment to refine its technology and expand into new territories, according to CEO Mike Laven.
The Currency Cloud connects companies through an application programming interface that lets them make quick and transparent international payments, a process traditionally seen as arduous.