Helping travellers everywhere exchange currency in the fairest & most transparent way possible.
- London, United Kingdom
Categories: Finance & Payments Digital B2C
for 5.42% equity
WeSwap is an award-winning peer-to-peer travel money platform, now a leading provider in the travel money space. As of June 2019, we have over 500,000 users who have exchanged more than £255 million, and spent in 197 countries and territories worldwide.
The WeSwap app and Mastercard® lets customers swap currency with other travellers through our peer-to-peer technology, spend money globally, track rates and send money to friends. Last year, we also grew our portfolio of new travel money products - including buyback, next day cash delivery and transfers (beta) - which have increased and diversified revenue streams. In December 2018, WeSwap established its suitability for an IPO on AIM.
We’re on a break-even focussed plan to profitability. Alongside improving our core-product range, our focus is on further diversifying revenues, scaling our B2B2C partner solution and breaking into a new, emerging international market - we've now agreed a commercial framework with a local provider for launch this year.
Note to investors: the company has different share classes in issue, along with an outstanding convertible loan. Please see details under the "Key information" section of this campaign.