Company Overview
Snapshot
Founded in January 2015 by Avi Kugel and Sam Schubert, uChange operated with 1–10 employees. The company raised $500,000 across one funding round. In September 2016, the currency exchange startup completed a seed round.
Business overview
uChange developed a P2P currency exchange application designed to connect individuals who need to exchange cash in opposite currencies. By eliminating intermediaries, the platform aimed to facilitate free exchanges, allowing users to retain the full value of their money. The company operated within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, and served consumers in geomarkets such as the United States.
Strategic signal
In May 2019, uChange ceased operations, indicating a significant shift in its market trajectory. This event signals to investors and innovation teams that the company encountered challenges in sustaining its business model or market position, leading to its discontinuation.
Log in to access full profile ›Company Intelligence Q&A
- What is uChange's primary business?
- uChange developed a P2P currency exchange application that connects individuals for direct cash currency exchanges, aiming to remove intermediaries and provide full value to users.
- When was uChange founded?
- uChange was founded in January 2015.
- Who are the founders of uChange?
- The company was founded by Avi Kugel and Sam Schubert.
- What was the last reported funding event for uChange?
- In September 2016, uChange completed a seed round, raising $500,000. This was the company's only disclosed funding round.
- What is the current operational status of uChange?
- uChange is non-active, having ceased operations in May 2019.