3 years ago

Currensea Raises £1.35 Million in Crowdfunding for Travel Card

  • Currensea, a London-based fintech company, has raised £1.35 million in crowdfunding on Seedrs, exceeding its target of £1 million

  • The company offers a free direct debit travel card that links to a person's current account to provide access to foreign currencies while abroad

  • Currensea was founded in 2018 by former Barclays and JPMorgan employees and has raised over £5 million to date

  • The company is authorized by the Financial Conduct Authority.

      • ProblemFinancial Services

      "Travellers are often hit with high foreign exchange fees and a lack of control over their spending when using traditional bank cards abroad."

      Solution

      "Currensea offers a free direct debit travel card that links to a user's existing current account, providing access to competitive foreign exchange rates and transparent spending management through open banking technology."

      Covered on