WeSwap brings the principles of person to person finance to the world of currency exchange. WeSwap was founded to address the lack of transparency and fairness in the rates and charges afflicting people when obtaining foreign currency. Convinced that there was room to improve matters, the founders of WeSwap applied the spirit of social media and community mindedness to the problem and came up with a solution that helps everyone. People travelling in different directions can now use the WeSwap platform to swap money with each other, resulting in greatly reduced costs and a much friendlier experience. WeSwap is excited to be bringing this new solution to the marketplace, and looks forward to making swapping currency a truly worldwide phenomenon.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
37 (est)+6%
Website
weswap.com
WeSwap was founded in 2010 and is headquartered in London, GB

Key People/Management at WeSwap

Jared Jesner

Jared Jesner

Founder & CEO
Isaac Applbaum

Isaac Applbaum

Team Member
Nick Lebetkin

Nick Lebetkin

Director
Sameer Ismail

Sameer Ismail

Head of Risk & Compliance, MLRO

WeSwap Office Locations

WeSwap has an office in London
London, GB (HQ)
6 Spectrum House, 32-34 Gordon House Road

WeSwap Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$10 m

Latest funding size

$7.5 m

Time since last funding

almost 3 years

Investors

WeSwap's latest funding round in October 2014 was reported to be $7.5 m. In total, WeSwap has raised $10 m

WeSwap Financials

GBP

Cash (31-Dec-2015)

1.2 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015

Cash

14.1 k554.4 k330.6 k1.2 m

Accounts Receivable

108.2 k277.9 k517.9 k1.3 m

Current Assets

122.2 k832.3 k848.5 k2.4 m

PP&E

7 k18 k17.6 k21 k
    Y, 2015

    Financial Leverage

    -20.3 x
    Show all financial metrics

    Traffic Overview of WeSwap

    WeSwap Online and Social Media Presence

    WeSwap News and Updates

    This currency swapping startup could cut the cost of going abroad

    "Giving early stage businesses large amounts of capital is bad practice.” You probably wouldn’t expect those words to come from the founder of a startup, but they did. Perhaps it’s Jared Jesner’s honesty that makes him endearing – a quality which has arguably helped him get where he is today. …

    WeSwap Company Life and Culture

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