About WeSwap
WeSwap is a company based in London (United Kingdom) founded in 2010.. WeSwap has raised $35.76 million across 6 funding rounds from investors including Seedrs, Alliance Trust and Quantum Data Analytics. The company has 42 employees as of September 30, 2019. WeSwap offers products and services including WeSwap Mobile App and WeSwap Card. WeSwap operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, among others.
- Headquarter London, United Kingdom
- Employees 42 as on 30 Sep, 2019
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Weswap.Com Limited
- Date of Incorporation 16 Nov, 2021
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$1.43 M (USD)101as on Dec 31, 2017
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Net Profit
$-7.43 M (USD)5as on Dec 31, 2017
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EBITDA
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Total Equity Funding
$35.76 M (USD)
in 6 rounds
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Latest Funding Round
$2.76 M (USD), Series B
Jul 12, 2019
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Investors
Seedrs
& 49 more
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Employee Count
42
as on Sep 30, 2019
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Products & Services of WeSwap
WeSwap offers a comprehensive portfolio of products and services, including WeSwap Mobile App and WeSwap Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for managing travel money and transactions securely.
Card for handling travel money payments and withdrawals.
Funding Insights of WeSwap
WeSwap has successfully raised a total of $35.76M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $2.76 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $2.8M
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First Round
First Round
(11 Jan 2012)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series B - WeSwap | Valuation | IW Capital |
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| Mar, 2018 | Amount | Series B - WeSwap | Valuation | IW Capital | |
| Mar, 2017 | Amount | Series B - WeSwap | Valuation | IW Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WeSwap
WeSwap has secured backing from 50 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Seedrs, Alliance Trust and Quantum Data Analytics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward small and medium-sized enterprises.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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A platform for innovative SaaS and hosting solutions is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WeSwap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WeSwap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weswap Comparisons
Competitors of WeSwap
WeSwap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for sending and receiving money internationally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weswap
Frequently Asked Questions about WeSwap
When was WeSwap founded?
WeSwap was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is WeSwap located?
WeSwap is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is WeSwap a funded company?
WeSwap is a funded company, having raised a total of $35.76M across 6 funding rounds to date. The company's 1st funding round was a Series B of $9.3M, raised on Jan 11, 2012.
How many employees does WeSwap have?
As of Sep 30, 2019, the latest employee count at WeSwap is 42.
What is the annual revenue of WeSwap?
Annual revenue of WeSwap is $1.43M as on Dec 31, 2017.
What does WeSwap do?
WeSwap was founded in 2010 in London, United Kingdom, within the fintech sector focused on travel finance. A prepaid MasterCard and app-based mobile wallet are offered, enabling users to swap currencies at interbank rates with transparent fees. Multiple currencies are held in online accounts, accessible globally where MasterCard is accepted. The mobile app is supported on Android and iOS platforms for managing funds and transactions.
Who are the top competitors of WeSwap?
WeSwap's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does WeSwap offer?
WeSwap offers WeSwap Mobile App and WeSwap Card.
Who are WeSwap's investors?
WeSwap has 50 investors. Key investors include Seedrs, Alliance Trust, Quantum Data Analytics, IW Capital, and Mark Brian Jannaway.
What is WeSwap's valuation?
The valuation of WeSwap is $70.7M as of Mar 2018.