London, United Kingdom
The Money Cloud Ltd, founded in 2014 and headquartered in the United Kingdom, targets the intersection of Finance, Financial Services, Fintech, and Payments. Their slogan, "A UK based market maker with global ambitions. An FX management & execution platform for SMEs and individuals," reflects their expansive vision.
The company capitalizes on the enormous potential within the international payments sector. With consumer deliverable foreign exchanges valued at approximately $1.6 trillion daily, The Money Cloud Ltd aims to provide an advantageous alternative to traditional banks, which still handle 85% of such transactions despite unfavorable exchange rates and fees.
By aggregating financial services into a comprehensive digital platform, The Money Cloud Ltd offers SMEs, governments, and individuals not only choice and value but also real-time comparative pricing and transaction management tools. Last funded by Fig VC in a Seed Round on 01 May 2015, the company remains well-positioned to challenge outdated banking norms.
