Funding

TravelersBox Raises $4.5 Million

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What does TravelersBox does?

TravelersBox, is a developer of an innovative service at airports which enables depositing leftover change directly to gift cards, eWallets and more. It allows international passengers for depositing their leftover currency when leaving their travel destination. It operates kiosks in airports around the world which allows passenger for converting their remaining cash into the online space.

This enables the customers to turn their foreign currency into Euros and dollars and then send the remaining cash into Skype, Paypal and Starbucks account.

How much TravelersBox was funded?

TravelersBox raised $4.5M in Venture round on May 26th, 2015 from iAngels, Ehud Levy, Pitango Venture Capital, Hagai Tal, Yuval Tal and Zohar Gilon and some angel investors.

What is next for TravelersBox?

TravelersBox  will use the funding raised for expanding its services into more airports where more TravelerBoxes will wait for money transfers. The company’s aim is to provide a service free of cost, which will be possible through an affiliation increase from its partners.

Apart from the locations where the kiosks are currently present, the company plans to install several hundred boxes in Brazil and Philippines this year. It is also negotiating with the airports in East Asia, Europe, Israel and South America.

More about TravelersBox

TravelersBox was founded in 2012 by Tomer Zussman. It has its headquarters in Istanbul, Istanbul. With this now travelers can convert their leftover change. A great and smart way of using foreign bills and coins. The service takes in change and transfers it to PayPal accounts, Skype accounts and Starbucks coupons. Some can be sent to charity too. there is absolutely no charge for transfers. As the credit card fees were a lot, its team had decided on focusing on the companies which could accept the change and change it into internal value. So useless currency which would otherwise end up in a jar after the trip can now be turned into something valuable.

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