Currenxie secures US$10m Series A funding

The Hong Kong-based firm was founded by Goldman Sachs alumni.

The cross-border payment startup, Currenxie, has raised $10m (HK$77.80m) in Series A funding round led by family office BF Belmont. 

The Hong Kong-based firm plans to use the funds to focus on building new products, acquiring new licenses and authorisations, expanding into new markets and accelerating recruitment, as well as expanding its global reach. 

Additionally, Currenxie will also be welcoming Gordon Kwong, a former partner of a big four international accounting firm, to its board, as the official investor representative. 

Currenxie is predominantly self-funded by Goldman Sachs alumni and co-founders, Riccardo and Alison Capelvenere.

“From the start, we have focused on building a platform that will give our clients access to a truly borderless economy. Thanks to BF Belmont, we’re now able to accelerate our global growth and expansion plans – creating more value that will be transferable to our clients. The demand for seamless cross-border solutions will only increase, and our high calibre team is ready for this opportunity,” said CEO Riccardo Capelvenere.

Founded in Hong Kong in 2014, Currenxie’s services include virtual bank accounts, multicurrency digital wallets and payments, and currency exchange services for businesses.