Vauban from Carta partners with Currencycloud to offer its customers a global VC platform
Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with UK-based venture capital platform Vauban, to enable the platform to be more accessible and permit global investors to launch and run their special purpose vehicles (SPVs) both easily and instantly.
For the platform to reach its true potential, speed was a necessity. By integrating Currencycloud’s APIs into its platform, Vauban is now able to deliver SPVs and funds in hours rather than weeks or months. Now, an SPV will be able to 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 competitive 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, commented, “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, have the opportunity to invest via Vauban’s platform in startups whenever they want.”