WeSwap to expand to key markets following Series A round
Currency exchange marketplace WeSwap has raised $7.5 million in Series A funding.
The round, which follows beta testing of the peer-to-peer service , was led by IW Capital and supported by EC1 Capital as well as existing shareholders.
WeSwap says it has proven the concept in a number of international markets and now plans to extend it to "key global markets".
The idea behind WeSwap, (Startup Pitch here), is to enable business and leisure travellers, expats and students studying abroad to swap currency without incurring charges from banks or foreign exchange specialists.