Today we’ve launched our public crowdfunding campaign on Seedrs. Many milestones led to this, and we’re massively excited about what the future holds.
At the end of 2017, we came up with the vision of a simple and hassle-free card that would work with our existing bank accounts. After a few false starts on the name, in a moment of inspiration, it was named “Currensea”.
We started developing the idea towards the end of 2017 and wrote the first line of code in February 2018. Things really took off in October 2018, when our first round of angel funding landed, and we were able to hire the team to bring the vision to life.
Currensea travel debit card
We’ve achieved a lot in a short space of time: received our license from the Financial Conduct Authority, became a Principal Member of Mastercard, partnered with the UK’s leading high street banks, and built the first product of its kind. It’s been amazing to see all the hard work come together in a simple and elegant solution, solving a genuine customer need.
Our ambition is to lead the historic change in how customers spend abroad with our simple, fairly priced and secure product. We also aim to make Currensea global, leveraging Open Banking/PSD2 regulation in Europe and other countries on the Open Banking Roadmap.
Why invest in Currensea?
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We have a solid commercial model behind our business. We believe in business fundamentals, not just customer acquisition. It means that we’ll start earning revenue on day one, with a very clear path to profitability in year 3.
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We have a great team. Our combined experience covers FX, banking, technology, consumer marketing, and building successful startups.
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Reaction to the product thus far has been incredible, evidencing the clear demand in the market. We have had more than 2000 people signing up to our waiting list in the first few weeks.
