Currencycloud

Currencycloud provides cross-border payment infrastructure covering virtual wallets, named accounts, and the ability to send, receive, convert and manage multi-currency payments, reaching more than 36 currencies across over 180 countries.

Being infrastructure rather than an end-user product is the defining characteristic, and Currencycloud says so plainly: it sits behind the scenes of other companies' financial services. That means the buyer is a product team building something rather than a finance team paying suppliers, and the evaluation criteria are completely different, weighing API quality, coverage and reliability rather than dashboard usability.

Virtual named accounts are the capability that makes the model work for its customers. A fintech offering its users international payments needs each user to have account details in their own name to collect into, because money arriving in one pooled account is a reconciliation and compliance problem rather than a feature. Issuing named accounts programmatically is what turns cross-border capability into something a platform can actually offer its own customers.

The stated audiences are entrepreneurs launching new financial services and traditional banks wanting to innovate, which are the two ends of the same market: one has no infrastructure and the other has infrastructure it cannot change quickly. Built by developers for developers is the framing for the platform side, with 100 percent customisation to a business and its customer base claimed. Rates are not published.