Here’s what you need to know in the Startup and Venture News today, updated all day by the Crunchbase News staff, to keep you updated.
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Visa buys Currencycloud with a valuation of $ 962 million
Visa announced it will acquire London-based Currencycloud, a global platform for banks and fintechs to provide cross-border payments, valued at £ 700 million ($ 962 million).
Currencycloud’s cloud-based platform provides a suite of APIs that enable banks and financial services providers to offer currency exchange services, including real-time notifications of foreign exchange transactions, multi-currency wallets, and virtual account management.
Founded in 2012, Currencycloud has previously raised at least $ 160 million in known funds, according to Crunchbase data. Visa was the main investor in its final round, a $ 80 million Series E in January 2020.
Couchbase raises $ 200 million in IPO
Couchbase, a provider of NoSQL database technology to application developers, raised $ 200 million on its initial public offering, which puts an initial valuation of around $ 1.2 billion. The company valued the shares at $ 24 each, which was above the forecast range of $ 20-23.
YOOBIC raises $ 50 million for digital workplaces: YOOBIC, developer of a digital workspace for frontline teams, has closed a $ 50 million Series C funding round led by Highland Europe. The round brings total funding to $ 80 million for YOOBIC, which markets its technology to retail workers, restaurant workers, field workers and other types of frontline workers.
– Joanna Glasner
Illustration: Dom Guzman
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