Currencycloud has partnered with UK-based venture capital platform Vauban to enable it to be more accessible and aid global investors.
According to FinTech Finance, by integrating Currencycloud’s APIs into its platform, Vauban is now able to deliver special purpose vehicles 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.y
Currencycloud chief revenue officer Nick Cheetham said, “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.”
Vauban COO Arik Oslerne added, “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.”
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