Peer-to-peer travel money exchange WeSwap has announced it is officially launching globally and is now available in all currencies. This news comes less than a year and a half after the company secured more than £2.4 million in funds through its equity crowdfunding campaign on Seedrs.
As previously reported, WeSwap was founded in 2011 and opened to the community in 2013. The company uses P2P swapping model, has members (i.e. travelers) in 10 countries and supporters swaps (purchases and cash withdrawn) in 18 different currencies. The company stated its mission is to help travelers swap and manage currency in the cheapest, fairest and most transparent way possible. While sharing details about WeSwap’s global launch, Jesner reportedly stated:
“We’re extremely proud and excited to be able to support travellers on even more adventures abroad with this release. We’re building WeSwap to make spending money on holiday better for everyone, and this is just one of a range of new features we’re looking at this year which will help everyone spend smarter when they explore the unknown. We can’t wait to hear what our community gets up to with this latest update.”
WeSwap now works in any country, anywhere, wherever the Mastercard Acceptance mark is displayed. The company added:
“All you need to do is load up your card with your home currency and spend. As it’s an instant conversion, the fee is the same, transparent 2% fee as our instant swap. Simple. For anywhere that uses one of our existing 18, you can either load up in ££ and go – or continue to swap in advance to get the best rates. This also means if you happen to forget to swap for any reason, your card will still work as long as you’ve got a balance in your home currency. We hope this makes it easier to take your WeSwap card on even more journeys abroad. We seriously can’t wait to hear what you’ll get up to.”