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October 16 2020

Wirex raises £3.7m through crowdfunding

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Wirex is operating in 130 countries with 3.1m registered users and is a crypto-currency payments platform that launched the world’s first Visa crypto-enabled payments card.

Read also: PayPal enters UK’s market with Klarna like product

In 2020, Wirex also became Mastercard’s first “native” crypto-friendly principal member.

And Wirex has just closed a £3.7m crowdfunding campaign on Crowdcube being 15 days ahead of schedule and overgrowing the initial target by 370 percent.

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With the new funding in place, the firm is preparing a multicurrency Mastercard card, as well as launches in the US and Japan.

Pavel Matveev, CEO and co-founder of Wirex, said: “Since opening pre-registration for the private sale, we’ve had an overwhelming response from users around the world wanting to invest in Wirex. Our performance so far has proven to investors that we are making incredible advances in the fintech and crypto spaces, and this growth will only continue.”

 “It’s great that our customers have had the opportunity to own a part of Wirex, and we can’t wait to share our upcoming successes with them. Our mission is to democratise access to cryptocurrency, and this successful crowdfunding campaign is one step further in achieving this goal,” he added.

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