Venture Capital

Currensea Launches Business Debit Card And $6.5M Fundraise

by posted 4months ago 129 views
Summary List Placement London fintech startup Currensea has announced the launch of an open banking debit card for small- and medium-sized businesses, as well as a fresh £5 million ($6.5 million) fundraise. Currensea allows users to pay interbank foreign exchange fees for their transactions from their main bank account using an open banking API. The startup, founded by former chief technology officer at JPMorgan's investment division Craig Goulding and Barclays FX banker James Lynn, launched its consumer travel debit card product in January and, despite COVID-19 limiting travel, onboarded 5,000 cardholders in the first quarter alone, the company claimed.