Seedrs reveals major £2.3m funding round for peer-to-peer currency exchanger

Peer-to-peer currency exchange platform WeSwap has hit 500,000 users in unison with its £2.3m funding round on Seedrs.

The raise is said to support the company’s Series B investment round led by IW Capital - WeSwap’s main investor.

Today’s (July 12) news is in tandem with WeSwap reaching £250m in global currency having been traded on the platform since its inception in 2015. This is said to be the first peer-to-peer travel money fintech in the UK to do so.

Jared Jesner, CEO and founder of WeSwap, said: “We have an incredibly loyal and engaged user base, something we’re truly proud of and will continue to honour with a great service.

“We are delighted to open up this latest round of funding, supplementing a series of debt, equity and private investment routes that have aided us in achieving some great milestones that we’re really proud of.

“This latest round will allow us to launch a range of new WeSwap product innovations and expand into Asia.”

This is WeSwap’s third raise on Seedrs, having previously bagged over £3.5m from 3,868 investors.

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