WHAT BENEFITS WILL YOU GET AS A PART-OWNER?
Along with owning shares in the business, investors over £100 will get an exclusive WeSwap "Investor" MasterCard. Investments of £250 or more will also unlock free swaps, depending on the level of investment. Plus you'll be part of our Investor community, where we'll be inviting you to help us shape WeSwap for the future.
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We’ve already attracted over £10million in funding from a number of large investors (see “Who’s behind WeSwap”, below) but it’s really important to us that we're owned by our community and everyday travellers too. As the people who - literally - power our business, we want to invite travellers to help shape our future and have the chance to share in our success. As we gear up for further growth, we’ve earmarked this stage to reserve a proportion of our equity for our customers and crowdfunding investors.
We’re working with Seedrs.com, a leading equity crowdfunding platform, to bring you this round.
If you have already pre-registered, you will receive an email to invest on the Seedrs.com platform once the campaign is live.
Before making an investment, you'll need to create an account on the Seedrs website at www.seedrs.com. To save a bit of time you might want to create an account on Seedrs beforehand.
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The exact minimum will be confirmed once the investment opens on Seedrs, but it will be from around £10 - so it really is an opportunity for everyone to get involved and share in our success.
WeSwap was founded in 2011 to make currency exchange cheap, fair and transparent for ordinary travellers everywhere. We launched the world’s first person to person travel money exchange in beta in 2014, and started marketing in the summer of 2015.
Since then we’ve grown to over 200,000 travellers saving money instead of giving it to the bank. This year alone, over £25million has been exchanged through the platform, and our volumes are growing by 25% month on month.
We're out to put power back into the hands of ordinary travellers everywhere by changing the way things are done. Read more about our vision, and why we believe swapping is a real, scalable solution to a broken industry, here.
Our CEO and founder Jared Jesner is a former financial professional and employee at Shell, where he led technology delivery projects around the world.
We're proud to also have a highly experienced and dedicated senior team with deep experience across travel, technology and operations, including people previously at Asos, the Guardian, Moo.com, Directflights and EE. You can see our team and their backgrounds here.
WeSwap is also backed by over £10million in investment from VC funds EC1 Capital, Ascot Capital and IW Capital and a team of angel investors, including LoveFilm and Zoopla co-founder Alex Chesterman.
We’ll use the money we raise through investment to continue our rapid growth, both across Europe and internationally, and to develop our product. We’re already in discussions with a number of international partners to help take WeSwap into new markets such as Asia. As well as expanding our community and currencies, we also have big plans to develop our product with some truly exciting new features in the pipeline - your investment would be used to accelerate the development of these. You can read more about our product plans here.
WeSwap is based in London and is a UK limited company registered in England and Wales (No. 07189664). Our registered office is at Spectrum House, 32-34 Gordon House Road, London, NW5 1LP. Feel free to drop by!
Once the campaign goes live on Seedrs.com you'll be able to view and download our full company information, including our business plan and financials.
Yes, WeSwap qualifies as an EIS eligible company. EIS is a UK tax scheme offering income tax and capital gains tax reliefs to qualifying private investors who invest in eligible businesses.
Investing in WeSwap is a long term investment in the future of our company. The main way you can make money from your investments is by selling your shares in WeSwap for more than you paid for them. If WeSwap grows to the point where we float on a stock exchange or if we’re bought by another company, you'll be able to sell your shares – often at a significant profit – at that stage. For more on this we suggest having a read of Seedrs helpful page here: https://www.seedrs.com/learn/guides/investing-in-businesses.
Great - we'd love to hear from you. Please email us at [email protected] and we'll get back to you as quickly as we can.
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Investing involves risks, including loss of capital, liquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. This form has been approved as a financial promotion by Seedrs Limited, which is authorised and regulated by the Financial Conduct Authority.