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 Ratings1.6

Latest Updates

Employees (est.) (Oct 2019)46(-4%)
Revenue (FY, 2017)£1.1 M(+101%)

Key People/Management at WeSwap

Jared Jesner

Jared Jesner

Founder & CEO

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

2 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)
GBPY, 2017

Revenue/Employee

32.5k

Financial Leverage

-0.8 x
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WeSwap Online and Social Media Presence

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WeSwap News and Updates

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

20 Unmissable World Events for 2019

We’re all about creating memories here at WeSwap. And in 2019, 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…

USE YOUR WESWAP CARD TO BOOK ONLINE IN MORE PLACES THAN EVER

We’ve got some big news, guys. You can now use your card in even more places than ever. Online, that is (you can already physically use the card in over 180 countries). Because WeSwap cards are (drum roll please) 3D Secure (or 3DS for short) verified. This opens up a whole new world of online […] Th…

Travel Money Options Compared: WeSwap vs Travel Cash, Debit & Prepaid Cards

You’re going away. Somewhere nice, we hope? But it can be tough to know what to do, travel money wise. There’s a lot of options: travel cash, your normal bank card and a load of prepaid cards. Then there’s a lot of companies too, WeSwap (that’s us), Tesco, the Post Office, Revolut, Travelex. Then th…

Choose your own exchange rates with WeSwap Smart Swap

Whether you’re working hard to save money for a trip or planning every single detail, we know travellers are busy people. Too busy, perhaps, to monitor FX markets all day long? Well, let us introduce WeSwap Smart Swap. Smart Swap leaves us to monitor the markets for you. So you don’t miss out on mor…

TOP TIPS FOR REMOTE WORKING ABROAD

The remote worker goes by many names. Digital Nomad. Wi-fi vagrant. Dial-up bandit*. Jonny. They are the envy of the working world. For they have made the beach their boardroom, they’re working 5-9 (client availability permitting), they’ve swapped their desktop for a dongle, they are, to put it mild…

Understanding How The Foreign Exchange Market Works

The idea of exchanging one currency for another seems simple enough. But understanding who and what is actually involved can be somewhat more complicated. So, we thought we’d try and explain it for you. First off, a glossary. There can be a lot of jargon and slang to decipher when it comes to first …
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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.

  • How many employees does WeSwap have?

    WeSwap has 46 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 £24.2 k.

  • Who are WeSwap competitors?

    Competitors of WeSwap include HMN Financial, Nimble and Holvi.

  • 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.