Travel money exchange disruptor WeSwap launches crowdfunding campaign
P2P travel money exchange disruptor WeSwap today launched a crowdfunding campaign on Seedrs.
WeSwap has reported growth of 204 per cent in the last year, welcoming more than 200,000 users.
It has a fundraising target of £1m to accelerate development on the platform and expand into new markets.
Read more: Who's responsible for greater transparency in equity crowdfunding?
The WeSwap campaign was overfunded before opening to the public and claimed the highest ever number of pre-registered investors on Seedrs, with 8,063 people pledging £9.1m.
WeSwap was founded in 2011 and fully launched in 2015.
The platform has swapped tens of millions of pounds and estimates to have saved consumers £1.2m.
Read more: Equity crowdfunding: How to do your homework as an investor
“We’ve had an amazing year at WeSwap and we’re very excited to be inviting our travellers to become an even greater part of our future as part-owners of the business,” said WeSwap founder Jared Jesner. “We’ve built the technology, but without travellers swapping currency there is no WeSwap.
“So we want to invite our community to help us develop and grow the platform, and have the opportunity to share in the success they too helped to create.”