Vauban taps Currencycloud to offer a Global VC Platform

By Gloria Methri

Currencycloud has partnered with UK-based venture capital platform Vauban, to make the platform more accessible by permitting global investors to launch and run their special purpose vehicles (SPVs) easily and instantly.

By integrating Currencycloud’s APIs into its platform, Vauban can deliver SPVs and funds in hours rather than weeks or months. Now, an SPV can 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 FX rates and wallet, which allows the platform to operate in multiple currencies in addition to reducing their FX risks.

Arik Oslerne, COO of Vauban said, “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.”

Nick Cheetham, Chief Revenue Officer at Currencycloud added, “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, can invest via Vauban’s platform in start-ups whenever they want.”

Backed by Carta, the FinTech infrastructure company, Vauban offers institutional grade SPV, co-investment, and fund vehicles for GPs. Its end-to-end digital platform is supported by over 200+ fund specialists to automate your back office.

Currencycloud’s multi-currency account infrastructure allows businesses to execute and expand their offering. Using Currencycloud helps them to access virtual named accounts for customers, with the ability to collect, convert, pay, and manage multiple currencies simultaneously. Launched in 2012, the firm has processed more than $65 billion to over 180 countries, working with banks and FinTechs across the world, including Starling Bank, Penta, and Lunar.