" class="no-js "lang="en-US"> WeSwap closes Record-Breaking Crowdfunding Campaign on Seedrs - Fintech Finance
Wednesday, May 29, 2024

WeSwap closes Record-Breaking Crowdfunding Campaign on Seedrs

A record-breaking 2,961 people invested over £2.4 million into the world’s first peer-to-peer currency swapping business – to truly democratise the travel money market

London-based travel money exchange platform WeSwap has raised £2,420,269 in its recent crowdfunding round, which closed last night.

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 exceptional public interest, with World Number 1 tennis champion Andy Murray also investing in WeSwap through the Seedrs platform.

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 says: “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.”

Ben Aronsten, Chief Marketing Officer at Seedrs: “It has been very exciting to see how engaged the WeSwap community has been in supporting this fundraising activity and helping the company exceed its £1m target before the campaign had even opened to the public. We’re excited to be supporting an ambitious London fintech business.”

WeSwap has been featured in leading media outlets including, The Sun, BBC, Daily Mail, Daily Express, Money Saving Expert and The Financial Times, to name just a few.

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