Google backs UK payments startup Currencycloud

New York

ALPHABET Inc's venture arm has invested in Currencycloud, a UK startup that provides technology to enable businesses to provide cross-border payments services to their customers.

GV, formerly Google Ventures, participated in a US$25 million investment round in Currencycloud alongside existing investors Notion Capital Ltd, Sapphire Ventures LLC, Japanese technology company Rakuten Inc and venture capital firm Anthemis Group, the payments company said on Thursday.