Travel money platform raises £2.4m in crowdfunding
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London-based travel money exchange platform WeSwap has raised £2.4 million in its latest crowdfunding round.
The UK-based fintech company has set a record for the most investors in a single campaign on Seedrs, with almost 3,000 investors backing the overfunded raise. It also marks a record number of investors for any independent business fundraising on a UK equity crowdfunding platform.
The campaign launched on October 26th to strong public interest. The start-up also closed a second round of VC funding in July 2016, totalling £6.5million, in a round led by Ascot Capital Partners, EC1 Capital and IW Capital.
Jared Jesner, WeSwap’s founder and CEO said: “The aim of WeSwap’s crowdfunding was to make as many of the public – people who use travel money abroad every year – part-owners of the company. We want all our investors to help shape the future of the travel money industry and attracting such high levels of support is really encouraging ahead of a year of international growth.
“There is clearly huge appetite for more transparency in the currency exchange market.
“By setting a new record for the number of investors in a Seedrs’ campaign, WeSwap has achieved its number one goal of being The People’s Currency Exchange.”
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