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M&A Deal Summary

Visa Acquires Currencycloud

On July 22, 2021, Visa acquired internet software and services company Currencycloud from XAnge

Acquisition Highlights
  • This is Visa’s 2nd transaction in the Internet Software and Services sector.
  • This is Visa’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-07-22
Target Currencycloud
Sector Internet Software and Services
Buyer(s) Visa
Sellers(s) XAnge
Deal Type Add-on Acquisition

Target

Currencycloud

London, United Kingdom
Currencycloud is a cloud-based platform offers a broad set of APIs enabling banks and financial services providers to offer currency exchange services, including real-time notifications on foreign exchange transactions, multi-currency wallets, and virtual account management. Currencycloud was founded in 2012 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Visa

San Francisco, California, United States
Category Company
Founded 1958
Sector Financial Services
Employees34,100
Revenue 40.0B USD (2025)
DESCRIPTION
Visa office in Foster City, California.
Visa office in Foster City, California.

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries. Visa was founded in 1958 and is based in San Francisco, California.

DEAL STATS #
Overall 14 of 17
Sector: Internet Software and Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 13 of 16
Country: United Kingdom M&A 4 of 5
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Tink

Stockholm, Sweden

Tink is an open banking platform that enables banks, fintech, and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions, verify account ownership and build personal finance management tools. Tink was founded in 2012 and is based in Stockholm, Sweden.

Buy €1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Pismo

Sao Paulo, Brazil

Pismo is a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe. Pismo was founded in 2016 and is based in Sao Paulo, Brazil.

Buy $1.0B

Seller(S) 1

SELLER

XAnge

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.

DEAL STATS #
Overall 40 of 42
Sector: Internet Software and Services M&A 8 of 10
Type: Add-on Acquisition M&A Deals 24 of 26
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 DynAdmic

Mougins, France

DynAdmic is a marketplace that allows media buyers to purchase premium online video advertising inventory through a proprietary audio recognition technology that targets specific audiences based on the video’s content. DynAdmic was founded in 2012 and is based in Mougins, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Sparkow

Lille, France

Sparkow is a provider of SaaS solutions that enables merchants to boost their performance by designing a streamlined buying journey. Sparkow was founded in 2004 and is based in Lille, France.

Sell -
Mergr

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