Ultimate magazine theme for WordPress.

Visa Acquires Currencycloud, Couchbase IPO Pricing, and More – Crunchbase News

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.

Subscribe to the Crunchbase daily

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.

Financing rounds

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

Stay up to date with the latest financing rounds, acquisitions and more with the Crunchbase Daily.

Comments are closed.