Airport Currency Exchange Startup TravelersBox Raises $10M

January 21, 2015 | Israeli startup TravelersBox has raised $10 million in its Series A funding round, led by Singaporean fund Arbor Ventures. Existing investors also participated, including Pitango Ventures, Global Blue, iAngles, and an number of Israeli angel investors, bringing the total equity funding to $15.5 million. Founded in 2013 by Tomer Zussman and Idan Deshe, TravelersBox is an ATM-like machine at airports where travellers can deposit leftover foreign currency in exchange for an equivalent Paypal payment or e-gift card to Skype, itunes, Starbucks, and a host of other online retailers. Today, the company operates over 75 deposit machines in airports around the world.