9 years ago

WeSwap Secures $10 Million Series B Funding to Expand Travel Money Services

  • WeSwap, a London-based travel money service, raised $10 million in Series B funding led by Ascot Capital Partners with participation from EC1 Capital and IW Capital

  • The funding will be used to expand into new markets and launch new products

  • WeSwap allows travelers to swap currency with each other and spend it for free with a Mastercard, accepted worldwide.

      • ProblemFinancial Services

      "getting good exchange rates and paying high fees when travelling abroad."

      Solution

      "WeSwap is a peer-to-peer money exchange platform that allows travellers to swap currencies directly with other travellers, eliminating the need for traditional banks or exchange bureaus, and enabling them to get better exchange rates and avoid high fees."

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