OverviewSuggest Edit

WeSwap provides an online currency exchange platform. The Company’s platform allows travelers around the world swap currency with each other.

TypePrivate
Founded2010
HQLondon, GB
Websiteweswap.com
Employee Ratings1.7

Latest Updates

Employees (est.) (Nov 2020)33(-8%)
Revenue (FY, 2017)£1.1 M(+101%)
Cybersecurity ratingCMore

Key People/Management at WeSwap

Jared Jesner

Jared Jesner

Founder & CEO
Rob Stross

Rob Stross

Chief Marketing Officer
Matt Holland

Matt Holland

Chief Finance Officer
Jaki Maurey-Delaunay

Jaki Maurey-Delaunay

Chief Customer Officer
Matt Crate

Matt Crate

Director of Sales and New Markets
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WeSwap Office Locations

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

Summary Metrics

Founding Date

2010

WeSwap total Funding

$31.8 m

WeSwap latest funding size

$22.04 m

Time since last funding

3 years ago

WeSwap investors

WeSwap's latest funding round in October 2017 was reported to be $22 m. In total, WeSwap has raised $31.8 m
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WeSwap Revenue

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WeSwap's revenue was reported to be £1.11 m in FY, 2017
GBP

Revenue (FY, 2017)

1.1m

Gross profit (FY, 2017)

582.8k

Gross profit margin (FY, 2017), %

52.4%

Net income (FY, 2017)

(5.8m)

EBITDA (FY, 2017)

(5.4m)

EBIT (FY, 2017)

(5.4m)

Cash (31-Dec-2017)

997.8k
GBPFY, 2016FY, 2017

Revenue

553.9k1.1m

Cost of goods sold

369.0k530.3k

Gross profit

184.9k582.8k

Gross profit Margin, %

33%52%
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

14.1k554.4k330.6k1.2m2.0m997.8k

Accounts Receivable

108.2k277.9k517.9k119.0100.0

Inventories

7.5k

Current Assets

122.2k832.3k848.5k2.4m2.4m1.9m
GBPFY, 2016FY, 2017

Net Income

(6.1m)(5.8m)

Cash From Operating Activities

(4.3m)(5.0m)

Cash From Financing Activities

5.0m4.1m

Net Change in Cash

757.6k(955.9k)
GBPFY, 2012

Financial Leverage

3.2 x
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WeSwap Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

WeSwap Online and Social Media Presence

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WeSwap News and Updates

Jet2.com and Jet2holidays partner with WeSwap

Jet2.com and Jet2holidays has partnered with WeSwap to offer customers a prepaid contactless global travel money card and help organise all their travel essentials when abroad. In addition, customers can receive GBP 15 (USD 19.58) free travel money when they sign up and load a minimum of GBP 50 (US…

P2P currency exchange app WeSwap bids for £2.3 million crowdfund raise

Currency exchange app WeSwap has launched a £2.3 million crowdfunding round on Seedrs after hitting...

UK fintech startup Weswap pulls the plug on 2018 London IPO plans

Peer-to-peer currency exchange platform Weswap has scrapped plans to list on London’s Alternative Investment Market (Aim) this month, after investor interest fell flat. Sources told City A.M. that the initial public offering, which had been mooted for a December launch, had failed to garner suffi…

WeSwap CEO snaps back at UK airports’ “rip-off” exchange rates

With the UK summer season entering full swing and holiday makers start thinking about the best way to change their Great British pounds for Euros, American dollars or Thai baht, it is worth remembering that, like most things in life, it is best to plan in advance to make sure you get the best deal …

WeSwap: Why buy money when you can just swap it?

WeSwap is a fast-paced, high-growth, tech company that’s innovating the way we get travel money. Could it be the currency exchange platform that will change the world? The post WeSwap: Why buy money when you can just swap it? appeared first on Travel Daily Media.

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 Blogs

Brexit & WeSwap: What You Need to Know

Over 4 years on from the referendum, Brexit is almost here. The current deadline is 31 December 2020 so we’ve put together this handy guide to outline any impact Britain’s exit from the European Union will have on WeSwappers and their accounts. If you want to keep up to date with the Government’s la…

We’ve changed our registered address

Hey WeSwappers, We’ve made a change to our Terms and Conditions we need to tell you about. In response to the covid-19 crisis, we’ve moved out of our original office in North London to go fully remote so have changed our registered address in our T&Cs. There’s a bit more info below, but if you […

5 ways to see the world from your own home

These are, to put it lightly, tough times for travel lovers. ‘Cos of Covid-19, we know many of you have had to cut holidays short, postpone them until further notice or sometimes cancel them all together. Nothing can replace the real thing, but in a bid to keep everyone exploring the world while we’…

Explaining how many currencies your WeSwap card works in

We know it can be a little confusing for WeSwappers to be told you can use your card in over 150 currencies and 180 countries then open the app or dashboard to find you can only store money and swap in 18 different currencies. We’ll get into this more below, but essentially there are 18 […] The post…

21 Unmissable World Events for 2020

We’re all about creating memories here at WeSwap. And in 2020, we’re looking to help you make even more. How? By helping you tick off those big bucket list items, while also giving you any excuse to get away. Whenever you can. Wherever you want. So, get your calendars out. Because here are our top 2…

Dynamic Currency Conversion: Just say no

How to avoid being ripped off by ATMs abroad Ever notice how ATMs abroad politely ask if you’d like to be charged in your home currency (the currency you use when you’re at home; pounds in Britain, euros in Europe etc) whenever you withdraw cash? Card machines at retailers will sometimes do this too…
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WeSwap Frequently Asked Questions

  • When was WeSwap founded?

    WeSwap was founded in 2010.

  • Who are WeSwap key executives?

    WeSwap's key executives are Jared Jesner, Rob Stross and Matt Holland.

  • How many employees does WeSwap have?

    WeSwap has 33 employees.

  • What is WeSwap revenue?

    Latest WeSwap annual revenue is £1.1 m.

  • What is WeSwap revenue per employee?

    Latest WeSwap revenue per employee is £33.7 k.

  • Who are WeSwap competitors?

    Competitors of WeSwap include United Community Financial, First of Long Island and Southern Missouri Bancorp.

  • Where is WeSwap headquarters?

    WeSwap headquarters is located at 6 Spectrum House, 32-34 Gordon House Road, London.

  • Where are WeSwap offices?

    WeSwap has an office in London.

  • How many offices does WeSwap have?

    WeSwap has 1 office.