TravelersBox

Converting Leftover Change to Virtual Currency

Fintech & Insurtech

Non Active, Feb 2018

Company Overview

Snapshot

Founded in January 2012 by Tomer Zussman and Idan Deshe, TravelersBox operates with 1–10 employees. The company has raised $15 million across 3 funding rounds from 18 investors, with Pitango VC participating in a January 2016 funding round.

Business overview

TravelersBox develops a fintech solution that enables travelers to convert leftover foreign currency into usable digital funds. The company operates kiosks in airports globally, allowing users to deposit coins and bills and transfer the value to eWallet accounts like PayPal, Qiwi, or Neteller, convert it into gift cards from retailers such as iTunes and Starbucks, or donate it to various causes. TravelersBox primarily serves the travel and financial services sectors, operating within the Fintech & Insurtech category.

Strategic signal

In September 2016, TravelersBox announced its expansion in Asia with the launch of Baidu Wallet integration. This strategic move signaled the company's focus on penetrating key Asian markets and diversifying its digital currency conversion options, indicating a growth-oriented strategy to enhance its global footprint and utility for international travelers.

Company Intelligence Q&A

What is TravelersBox's core offering?: TravelersBox provides airport kiosks that allow travelers to convert their leftover foreign currency into digital funds, such as eWallet transfers, gift cards, or charitable donations.
When did TravelersBox expand its services in Asia?: In September 2016, TravelersBox expanded its operations in Asia by launching integration with Baidu Wallet, enhancing its digital currency conversion options for travelers in the region.
Which investors participated in TravelersBox's January 2016 funding round?: In January 2016, TravelersBox received funding from investors including Pitango VC.
What was a key development for TravelersBox in May 2015?: In May 2015, TravelersBox secured funding from investors including Pitango VC and iAngels.
When did TravelersBox first enable conversion of foreign currency into Bitcoin?: In November 2013, TravelersBox introduced the capability for travelers to convert leftover foreign currency into Bitcoin at its airport kiosks.

External links

TravelersBox — full profile (machine-readable)

TravelersBox operates kiosks located in airports around the world that enable travelers to convert their leftover foreign currency into usable funds in the online space. With TravelersBox, users simply insert their coins and bills into the kiosk and then choose tohave the currencys value uploaded throughtheir eWallet accounttoPayPal, Qiwi, orNeteller; transferred to a gift card from a well-known retailer such as iTunes, Skype, Starbucks, and others; or donated to a wide varietyof causes.

Facts
Name	TravelersBox
One-liner	Converting Leftover Change to Virtual Currency
Type	Startup
Primary sector	Fintech & Insurtech
Founded	2012
Employees	1-10
Employees (exact)	0
HQ / location	Ra'anana, HaHaroshet Street, Ra'anana, Israel, Center District
Product stage	Released
LinkedIn	https://www.linkedin.com/company/3089866
Crunchbase	travelersbox
IL Registrar	514924158

Facts

Name

TravelersBox

One-liner

Converting Leftover Change to Virtual Currency

Type

Startup

Primary sector

Fintech & Insurtech

Founded

2012

Employees

1-10

Employees (exact)

HQ / location

Ra'anana, HaHaroshet Street, Ra'anana, Israel, Center District

Product stage

Released

https://www.linkedin.com/company/3089866

Crunchbase

travelersbox

IL Registrar

514924158

Classification
Sectors	Fintech & Insurtech, Money Transfer & Management
Target customers	Financial Services, Financial Products, Virtual Currencies, Transportation & Logistics, Transportation Infrastructure, Airports, Travel & Tourism, Travel
Business models	B2B2C, B2C, B2B
Tags	cryptocurrency, bitcoin, airports, hardware, fintech, personal-finance, digital-wallet, traveltech

Classification

Sectors

Fintech & Insurtech, Money Transfer & Management

Target customers

Financial Services, Financial Products, Virtual Currencies, Transportation & Logistics, Transportation Infrastructure, Airports, Travel & Tourism, Travel

Business models

B2B2C, B2C, B2B

Date	Round	Amount	Investors
May 2015	A Round	$4.5M	Pitango VC, iAngels, Yuval Tal, Ehud Levy, Global Blue, Hagai Tal, Zohar Gilon, Pereg Ventures, Harel Kodesh, Roy Gavriel
Jan 2016	A Round	$10M	Pitango VC, Charted Singapore, Arbor Ventures, Pereg Ventures, Global Blue
Jan 2014	Seed	$500K	Arad Nave, Yanai Oron, David Rashti, Moti Rivlin, Zohar Tal, Yuval Tal, iAngels, Global

Name	Role	Founder
Tomer Zussman	Co-founder & CEO	yes
Idan Deshe	Co-founder & CTO	yes

Date	Source	Summary
Sep 26, 2016	www.prnewswire.com	TravelersBox is Expanding in Asia;Launching Baidu Wallet
Jan 21, 2016	www.globes.co.il	Change conversion co TravelersBox raises $10m
Nov 24, 2015	nocamels.com	Airport Kiosk TravelersBox Converts Leftover Foreign Change Into Gift Cards, PayPal Funds
Aug 24, 2015	www.techinasia.com	This startup is solving the worst thing about the end of your holiday - pesky foreign currency
Aug 20, 2015	www.hotelnewsresource.com	TravelersBox Expands to the Philippines, Enables Travelers to Convert Leftover Foreign Change into Usable Digital Currency
Aug 12, 2015	news.nocamels.com	TravelersBox Arrives In Toronto International Airport
May 11, 2015	www.globes.co.il	Tax refund giant Global Blue invests in TravelersBox
Feb 5, 2015	techcrunch.com	TravelersBox Raises $4.5 Million To Turn Your Change Into Money
Oct 20, 2014	tamebay.com	TravelersBox for converting your unused currency - Tamebay
Nov 20, 2013	www.coindesk.com	Travelers Box Turns Leftover Foreign Currency Into Bitcoin at the Airport

TravelersBox

Company Overview

Snapshot

Business overview

Strategic signal

Company Intelligence Q&A

External links

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