Disruptive P2P travel money exchange service WeSwap today launches a Seedrs crowdfunding campaign allowing the public to invest in the company and be part of the WeSwap success story.
In the past 12 months WeSwap has grown by a massive 204%, welcoming over 200,000 new users to the WeSwap community. Now, WeSwap wants to give its community the opportunity to share in its success, help shape the future of the company and be part of the world’s most exciting P2P travel money exchange business. The money raised will be used to accelerate development of the platform, to expand into other international markets (WeSwap has some exciting developments in Asia) and to continue to grow the community.
Since launching, WeSwap has swapped tens of millions of pounds and has this year saved its users £1.2million on typical high-street currency exchange fees and commissions, which can be much better spent on the important things you want when you’re travelling, such as sun screen and cocktails.
Jared Jesner, Founder of WeSwap, says “We’ve had an amazing year at WeSwap and we’re very excited to be inviting our travellers to become an even greater part of our future as part-owners of the business. We’ve built the technology, but without travellers swapping currency there is no WeSwap. So we want to invite our community to help us develop and grow the platform, and have the opportunity to share in the success they too helped to create.
Jeff Lynn, CEO, Seedrs, commented: “I think WeSwap is an exciting innovator within the fintech sector and the sharing economy, and they offer a product that has clearly proved popular with their users. We are delighted to welcome WeSwap onto the Seedrs platform and look forward to the success of their fundraising campaign.”
In July this year WeSwap secured a second round of funding, totalling £6.5million, led by investment firm Ascot Capital Partners and backed by existing investors EC1 Capital and IW Capital. WeSwap’s recent raise marked one of the first major fintech investments post-Brexit.