New foreign currency buy back platform
Bidwedge, a new fintech platform that solves the problem of what to do with small amounts of unused cash currency when you return from your holiday, has launched in the UK.
Bidwedge is an online currency buy back platform, and is independent of both banks and currency wholesalers. It’s currently available for Euros and US Dollars, with exchanges starting from €10 or $10.
A 2019 M&S Bank survey estimated that £3b in unused foreign cash currency sat unused after travel and that each year, on average, travellers returned with £1b in various cash denominations.
Shon Alam, Bidwedge founder, said: “By offering great rates, being willing to take small amounts, and deducting the fee from the payment, rather than asking for an upfront amount, we aim to make it easy for people to change their unused cash back into Sterling.
“Just imagine how much money you might have stashed away in drawers or plastic currency envelopes – and just imagine what you could treat yourself to if you changed it all back to Sterling.”
“’Easy to do’ is what Bidwedge is all about. So, we’d like to encourage anyone who has ever come back from a trip with left over currency, to dig it out of the bottom drawer and send it to us – and we’ll pay the Sterling direct into your UK bank account.”