Angel Round Common Shares
2% equity
$2M pre-money
$0K raised
$50K target raise
Travelers don’t know the locations of and the available exchange rates for most licensed money changers (LMCs) or banks’ bureau de changes (BdCs). Rates that can vary by 30% even within walking distance, and can be as much as 200% or more in extreme cases. Meanwhile, LMCs have poor customer acquisition strategies & insights, as well as cash management and “know-your-customer” (KYC) & other regulatory challenges. They do not have the know-how to automate their services resulting in low productivity & margins. In addition, retailers and service providers wish to advertise and sell their goods & services to travellers that, when they search for or exchange currency, have a high desire to purchase.

Selected by MyNEF as the best Fitech startup in Malaysia, CurrenSeek is a multi award-winning platform connecting and BdCs to travellers and businesses so that:
* Travellers discover the best and most convenient currency exchange locations with the option to book and pay online, and even pic...
Travelers don’t know the locations of and the available exchange rates for most licensed money changers (LMCs) or banks’ bureau de changes (BdCs). Rates that can vary by 30% even within walking distance, and can be as much as 200% or more in extreme cases. Meanwhile, LMCs have poor customer acquisition strategies & insights, as well as cash management and “know-your-customer” (KYC) & other regulatory challenges. They do not have the know-how to automate their services resulting in low productivity & margins. In addition, retailers and service providers wish to advertise and sell their goods & services to travellers that, when they search for or exchange currency, have a high desire to purchase.

Selected by MyNEF as the best Fitech startup in Malaysia, CurrenSeek is a multi award-winning platform connecting and BdCs to travellers and businesses so that:
* Travellers discover the best and most convenient currency exchange locations with the option to book and pay online, and even pickup at convenient third-party locations – e.g. airports;
* Businesses list their foreign currency requirements for LMCs to make bids, and offer delivery and e-payment options;
* LMCs are able to attract more customers, especially online, perform higher-value transactions, and better manage inventory, compliance and risk.

CurrenSeek works directly with LMCs & BdCs to obtain their rates and display them on a map or on their/third-party websites, allowing users to lock-in the rate and electronically purchase foreign currency. LMCs also have tools to offer promotional discounts, accept bookings & real-time e-payments and perform basic KYC. Travel partners are able to advertise and electronically sell their good & services via the app or the money changers' websites and branches – all facilitated by CurrenSeek.
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Investors

Startupbootcamp FinTech Singapore 2016
Admin
Startupbootcamp FinTech Singapore 2016 Startupbootcamp FinTech is the leading accelerator for FinTech startups

Employees

Chas Isaac
Admin

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