Osborne Clarke has assisted Currencycloud B.V. with obtaining a license from the Dutch Central Bank to conduct the business of an electronic money institution and to provide payment services on a cross-border basis.
Currencycloud is a sister company of The Currency Cloud Limited, a UK-domiciled company which is currently licensed by the FCA as an electronic money institution. Currencycloud is now one of a small number of electronic money institutions based in the Netherlands.
Currencycloud, a leader in providing embedded B2B cross-border solutions, offers clients the ability to move money around the world through their cloud-native infrastructure. The as-a-service platform is proprietary with over 85 different APIs across four modules - collect, convert, pay, and manage - allowing clients the ability to move money across the entire workflow for international payments.
Osborne Clarke's client base and reputation as a trusted advisor for innovative and tech-driven clients has resulted in Osborne Clarke assisting in respect of a significant volume of financial regulatory license applications in the field of payments and e-money (PSD2/2EMD), investment funds (AIFMD and UCITS) and investment firms (MiFID2).